RBA deputy issues new inflation and rates warning

Reserve Bank of Australia deputy governor Andrew Hauser says the jump in the oil price will push inflation above the 4.2 per cent the central bank has forecast, warning that keeping interest rates too low could fuel a damaging rise in inflation expectations.

Source: https://www.afr.com/policy/economy/rba-concerns-realised-inflation-expectations-hit-three-year-high-20260310-p5o903