Inflation in Australia is still stubbornly high. Will the RBA raise interest rates again?

Reserve Bank of Australia governor Michele Bullock has given few hints as to any changes in the official cash interest rate, as inflation remains higher than expected. Photograph: Mike Bowers/The Guardian

Promising signs that inflation was moving in the right direction have been rocked by a stronger than expected reading for the March quarter.

Experts are now questioning whether the Reserve Bank’s next move will to cut the cash rate or raise it. The RBA board will soon receive briefings for its 6-7 May meeting, including an update of the central bank’s main forecasts.