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AAP
AAP
Politics
Jacob Shteyman

'Too high': RBA rates warning as inflation fears flare

Oil Jim Chalmers Inflation Lukas Coch Paul Bloxham Middle East Reserve Bank United States
RBA governor Michele Bullock says underlying inflation has evolved broadly as expected since May. (Dean Lewins/AAP PHOTOS)

More interest rate hikes may be needed to get inflation under control, the head of the Reserve Bank says, as the Middle East oil crisis risks pushing prices ever higher.

Ahead of a crucial inflation print, RBA governor Michele Bullock said underlying inflation had evolved broadly as expected since May.

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