RBA: Need to keep adjusting policy rate until confident inflation is under control

Dhwani Mehta FXStreet

The Reserve Bank of Australia (RBA), in a tweet on Thursday, expressed concerns over high inflation while maintaining its pledge to continue with interest rate increases until inflation is tamed significantly.

Market reaction

The aussie is catching a fresh bid on the RBA tweet, with AUD/USD testing offers around 0.6500, at the time of writing. The pair is trading modestly flat on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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