RBA’s hawkish Harper hints herald hike
Reserve Bank of Australia board member Ian Harper said stronger-than-expected domestic demand and the return of capacity constraints have reopened the output gap, prompting markets to price in policy action.
Harper flagged persistent inflation as a genuine concern, noting that market-based inflation measures have moved higher, which he described as worrying.
3 meetings this year so far, 3 hikes
This article was written by Eamonn Sheridan at investinglive.com.