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Politics

Poppy Johnston

RBA 'wary' more rate hikes needed to beat inflation

RBA Inflation Michele Bullock Reserve Bank

RBA chief Michele Bullock told Senate estimates the inflation data was slightly above forecasts. (Mick Tsikas/AAP PHOTOS)

Borrowers could be stung with more interest rate pain as the Reserve Bank of Australia digests inflation figures.

At her first parliamentary hearing as governor, Michele Bullock offered her initial impression of the latest consumer price index that showed a re-acceleration in quarterly inflation.

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Top stories on inkl right now

'Generational rage': Young Europeans fight to be heard

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From blockaded schools in Rome to tent camps in Madrid and street protests in France, young people across Europe are turning their anger on a political class they say is not listening.

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EU leaders to press Burnham to pay more towards Ukraine’s defence

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One subscription that gives you access to news from hundreds of sites

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Taiwan shuts down schools and businesses as Typhoon Champi approaches

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