RBA lifted its inflation forecast ‘quite a bit’ over the next few quarters
The Reserve Bank of Australia kept the cash rate on hold yesterday at 4.35 per cent.
It warned that inflation in Australia is not coming down quickly enough.
Only one out of 37 Australian economists surveyed by Reuters expected the RBA to hold interest rates yesterday.
Capital Economics Head of Asia Pacific Marcel Thieliant says Capital Economics “don’t expect any further increase” to interest rates this year.
RBA lifted its inflation forecast ‘quite a bit’ over the next few quarters
Mr Thieliant told Sky News Australia that the RBA did “lift its inflation forecast quite a bit” over the next few quarters.