Dow Jones Newswires: Reserve Bank of Australia still jittery about stubborn inflation risks

Dow Jones Newswires

Last Updated: May 4, 2023 at 9:47 p.m. ET


First Published: May 4, 2023 at 9:48 p.m. ET

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SYDNEY — The Reserve Bank of Australia continues to warn that while inflation pressures have peaked, the risks that inflation remains higher for longer are significant and further interest-rate increases may be needed.

In its latest monetary-policy statement released Friday, the Australian central bank said that while inflation expectations are consistent with price pressures returning to target by mid-2025, a continuation of that is not yet assured.

Stubborn…