Having been 100% wrong, 100% of the time, the AFR continues its interest rate scaremongering:
The Reserve Bank of Australia is “very alert” to the cost of stubbornly high inflation lingering in the economy, signalling interest rates will need to stay higher for longer and might have to go up to curb price rises.
The RBA board kept the cash rate on hold at 4.35 per cent on Tuesday, but added a hawkish tilt to its post-meeting statement, saying it would “remain vigilant to upside risks” following an acceleration in inflation.
