RBA Set to Raise Rates Again Amid Inflation Concerns

The Reserve Bank of Australia (RBA) is expected to raise interest rates again next week as inflation concerns continue to mount.

Besa Deda's local bookstore cafe recently announced a price increase, citing rising costs and pressure on margins.

This move has sparked concern that second-round effects are beginning to show up in the economy, with businesses passing on higher costs to customers.

RBA governor Michele Bullock emphasized the need to limit indirect effects and keep inflation expectations anchored during a recent speech.

The labour force figures set to be released by the Australian Bureau of Statistics on Thursday are unlikely to deter the RBA from hiking rates, with the unemployment rate expected to remain steady at 4.5% in August.