RBA monitors inflation ahead of August rate decision

The Reserve Bank of Australia continues to monitor inflation levels following recent interest rate increases, with Governor Michelle Bullock stating that inflation remains too high despite rates impacting Australian households. New economic figures are due for release at 11:30am, with economists expecting the headline inflation figure around 4.1% and trimmed mean at 3.5% for April, partly due to softening fuel prices. The RBA will use these figures to inform their next rate decision at their August meeting, with experts divided on whether the current hold cycle will continue or if another rate hike is possible.See omnystudio.com/listener for privacy information.