www.bloomberg.com
Australia’s economic growth likely surged to a three-year high last quarter, boosted by rising inflation. This unexpected inflation has led to increased speculation that the Reserve Bank of Australia (RBA) might hike interest rates in its next policy move, defying previous expectations. Traders and some economists are adjusting their forecasts based on this accelerated growth and inflationary pressure. The RBA’s decision will be closely watched as it navigates balancing growth with controlling inflation.
