RBA’s Hunter: Australian Inflation Still Above Target, Risks Tilted Upward

The RBA's emphasis on upside inflation risks, paired with resilient household spending and firm business investment, suggests the central bank sees little urgency to ease policy soon. The regional housing market outperforming major cities adds a layer of complexity, as it may reflect uneven transmission of prior tightening. Fuel prices are the wildcard here, and whether that upward trend persists — or feeds into broader inflation expectations — is the key variable to watch.