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Australia’s central bank chief warns inflation risks materialising
CANBERRA/SYDNEY: Australia’s top central banker said on Friday some of the upside risks to inflation flagged by policymakers appeared to be materialising, with the Middle East conflict and the AI boom putting upward pressure on prices. Addressing lawmakers, Michele Bullock, governor of the Reserve Bank of Australia, said a key question facing policymakers at its policy meeting this month would be whether three rate hikes this year, from its cash rate matching a post-pandemic high of 4.35percent, would be enough to bring inflation back to the 2percent-3percent target. “It may be the same rate i...
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