RBA's Kent flags upside inflation risk, says further rate hikes possible and warns on equities
RBA Assistant Governor Christopher Kent said AI activity means rates need to be higher in the short run, flagged upside inflation risk with further hikes possible, warned on equities, and noted housing market conditions have softened noticeably. He also said data centre and AI infrastructure investment is supporting Australian demand while higher interest rates are cooling the economy.
Detected & updated continuously · Source: Nebula
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🚨 RBA'S KENT FLAGS UPSIDE INFLATION RISK, SAYS FURTHER HIKES POSSIBLE, WARNS ON EQUITIES
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🚨 RBA'S KENT: AI ACTIVITY MEANS RATES NEED TO BE HIGHER IN SHORT-RUN
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🚨 RBA'S KENT: DATA CENTRE AND AI INFRASTRUCTURE INVESTMENT IS SUPPORTING AUSTRALIAN DEMAND, WHILE HIGHER INTEREST RATES ARE STARTING TO COOL THE ECONOMY
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🚨 RBA'S KENT: HOUSING MARKET CONDITIONS HAVE SOFTENED NOTICEABLY IN RECENT MONTHS
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JUST IN: 🇦🇺 RBA's Kent reportedly says housing market conditions have softened noticeably in recent months.
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🚨 RBA'S KENT: NEED HISTORY ON TRIMMED MEAN INFLATION TO FOCUS ON MONTHLY CPI REPORT INSTEAD OF QUARTERLY