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RBA Chief Warns of Potential Interest Rate Hike Due to Rising Inflation

Guavy AI Editorial Team
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AUD
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Australia's central bank chief has warned that Australians could face another interest rate hike to combat rising inflation.

The Reserve Bank of Australia (RBA) governor, Philip Lowe, made the statement in a recent interview with The West Australian.

Lowe emphasized that the RBA's primary objective is to keep inflation within its target range of 2-3%, but added that it may be necessary to adjust interest rates again if inflation continues to rise.

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