The Zhitong Finance App learned that Reserve Bank of Australia (RBA) Governor Michele Bullock said at a Senate committee hearing on Wednesday that some upward risks of international and domestic inflation have been shown or are showing, and inflation may therefore be higher than the central bank's August benchmark scenario. This statement is less than a week away from the RBA interest rate meeting, and the market's concerns about further interest rate hikes are heating up. According to data released on the same day, Australia's CPI accelerated to 3.7% year on year in the last quarter, higher than the growth rate in the previous three months, and also exceeded the median estimate of 3.6%, further strengthening the signal that inflationary pressure is still uncontrolled.

The Zhitong Finance App learned that Reserve Bank of Australia (RBA) Governor Michele Bullock said at a Senate committee hearing on Wednesday that some upward risks of international and domestic inflation have been shown or are showing, and inflation may therefore be higher than the central bank's August benchmark scenario. This statement is less than a week away from the RBA interest rate meeting, and the market's concerns about further interest rate hikes are heating up. According to data released on the same day, Australia's CPI accelerated to 3.7% year on year in the last quarter, higher than the growth rate in the previous three months, and also exceeded the median estimate of 3.6%, further strengthening the signal that inflationary pressure is still uncontrolled.