RBA's Hunter Backs Further Hikes as Inflation Risks Entrench

RBA Assistant Governor Sarah Hunter has reinforced the case for a fourth rate hike this year, citing entrenched inflation risks from Middle East-driven oil costs and domestic demand outpacing supply. Market odds for a move to 4.60% on September 29 now stand at 95%, with rates expected to peak at 4.85% by early next year.
According to investinglive.com, Sarah Hunter has clarified that energy costs from the Middle East conflict are directly inflating transport and food prices, while tight labor markets in cities like Brisbane and Perth are keeping domestic demand above supply.
Source: investinglive.comSarah Hunter signals the need for more rate hikes, pushing September odds to 94%.
Source: FXStreet






