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Australia's Long-Term Inflation Expectations Rise; RBA Board Member Calls for Strong Action on June 2

2026-06-02 03:13:48

According to Jin10, Reserve Bank of Australia board member Ian Harper said on Tuesday that Australia's long-term inflation expectations have risen slightly, with financial markets now expecting consumer prices to remain above the RBA's target for an extended period—a shift unseen in years. Speaking at an event in Melbourne, Harper noted: "If long-term inflation expectations are at risk of becoming unanchored, then strong action is needed." Harper made these remarks during his first speech since joining the RBA's nine-member monetary policy committee.

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