According to Odaily, Reserve Bank of Australia (RBA) Governor Michele Bullock has expressed vigilance regarding inflation risks, stating that the central bank will not hesitate to raise interest rates if necessary. Bullock anticipates that inflation will not return to the target range of 2-3% until the end of 2025. The RBA committee believes that the current interest rates are still aligned with its inflation objectives. Despite this, the growth in demand remains excessively strong.
