The Reserve Bank of Australia (RBA) has held its cash rate at 4.1% for the fourth consecutive monthly monetary policy review, but says a further increase could be needed to get inflation back down to its target range. It made the same warning at its September 6 meeting as today. From July to August, the Australian monthly consumer price index rose from 4.9% in July to 5.2% in August. The RBA again says Australian inflation has passed its peak despite that rise. And with interest rates increased by four percentage points since May 2022, they're working to realign supply and demand in the economy and will continue doing so.

https://www.interest.co.nz/bonds/124585/reserve-bank-australia-sings-same-tune-under-new-governor-bullock-philip-lowe-says

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