Higher prices, that is. The Reserve Bank summed this up in this week's Monetary Policy Decision: "Global factors explain much of this high inflation, but strong domestic demand is adding to the inflationary pressures in a number of areas of the economy." "There's no doubt that corporations have taken advantage of the supply chain problems and the desperation of consumers …
The Reserve Bank has confirmed that Australians can expect to see at least two more rate rises, but appears to favour a slow and steady approach over any more supersized hikes. Key points: The RBA reiterates that further interest rate increases will be needed The bank expects inflation to remain higher than in its previous forecasts Wages forecasts have also …