RBA Cash Rate Hike Looms Amid Rising Inflation Concerns
The Reserve Bank of Australia (RBA) is expected to hike the cash rate on Tuesday to 4.6 per cent, following a recent trend of rising interest rates.
This move comes as inflation data is set to be released this week, but it will arrive too late for the RBA's board meeting.
The RBA has already demonstrated its impatience in tackling inflation, with many anticipating a rate hike.