RBA’s Stevens hints at rate hike

Glenn Stevens, the governor of the Reserve Bank of Australia, indicated on Wednesday that a further tightening of monetary policy would be necessary as inflationary pressures reside.

At the Economic Society of Australia 2011 Business Luncheon in Brisbane, Australia, Stevens said: "Our most recent analysis concluded that the underlying rate of inflation is more likely to rise than fall over the next couple of years. This central expectation – subject to all the usual uncertainties inherent in

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