RBA's 'Furious' Comment not Reflected in Actions so Far
Dow Jones12:00
0400 GMT - The inflation risks that have been worrying the Reserve Bank of Australia are becoming reality and a further interest-rate increase this month appears likely, says Ivan Colhoun, consultant with Marex. The policy-setting board of the RBA has seemingly reduced tolerance for further delay, he adds. Comments on Tuesday by RBA Deputy Gov. Andrew Hauser that people are "furious" about high inflation were surprising and really hasn't been reflected in their public comments and certainly not in their actions to date, Colhoun adds. It was also interesting that Hauser said he was coming back from his U.S. trip more concerned about inflation, he added.
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