The Reserve Bank of Australia (RBA) is not yet finished with its inflation-fighting efforts, according to Assistant Governor Sarah Hunter. In a 60 Minutes interview aired on Nine Network, Hunter suggested that another interest rate hike is likely when policymakers convene early next month. She noted that the RBA has already implemented four rate hikes this year to address inflation challenges.
Hunter’s remarks come amid growing concerns about the impact of higher interest rates on consumers and home prices. The RBA’s actions this year reflect its commitment to curbing inflation, even as the economic effects of these hikes become more apparent. The upcoming policy meeting will be closely watched for further signals on the central bank’s stance.