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RBA Governor Signals Possibility of Further Rate Hikes on July 28 Amid Inflation Concerns

2026-07-28 03:17:01

According to Jin10, on July 28, Reserve Bank of Australia Governor Michele Bullock indicated further rate hikes remain possible, stating current inflation levels are still too high. She emphasized the central bank's desire to prevent the formation of persistent inflation expectations in the market. Analyst James Glynn noted that the RBA's hawkish tone is unsurprising given escalating Middle East tensions and elevated risks of fuel price shocks.

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