Xinhua News Agency, June 6, the RBA said that inflation has reached its peak, but it is still too high; further policy tightening may be needed; and further interest rate increases will provide greater confidence that inflation will return to its target within a reasonable time frame.

Xinhua News Agency, June 6, the RBA said that inflation has reached its peak, but it is still too high; further policy tightening may be needed; and further interest rate increases will provide greater confidence that inflation will return to its target within a reasonable time frame.