RBA Minutes: Rate Hike May Be Needed Again If Necessary

Minutes from the Reserve Bank of Australia's meeting show that all committee members unanimously agreed to raise interest rates by 25 basis points. The committee discussed upward inflation risks and factors that could continue to push inflation higher. Since August, certain upward inflation risks have emerged or are accumulating. Interest rates should respond 'timely' to keep inflation expectations stable. If necessary, another rate hike may be implemented.