RBA’s Kent: Some other forces likely to push inflation higher still

Christopher Kent, the Assistant Governor (Financial Markets) at the Reserve Bank of Australia (RBA), made some comments on the inflation outlook on Wednesday.

Key quotes

Some other forces likely to push inflation higher still.

Looking for clarity on how supply chain problems will resolve.

Liaison with business suggests wage pressures picking up.

Meanwhile, RBA Deputy Governor Michelle Bullock said, they “have very tight labour markets,” adding that they are “seeing some response in wages with unemployment at 4%.”