Commonwealth Bank economist Belinda Allen said the RESERVE BANK OF AUSTRALIA views inf risks as skewed to the upside and that debate over the appropriate policy response is intensifying. She questioned whether C.BANK is losing patience—possibly—or may be using verbal intervention to ensure financial conditions remain tight until inf shows more substantive progress. Allen added current inf prints are insufficient to declare victory: Q2 inf undershot expectations largely due to volatile components

Commonwealth Bank economist Belinda Allen said the RESERVE BANK OF AUSTRALIA views inf risks as skewed to the upside and that debate over the appropriate policy response is intensifying. She questioned whether C.BANK is losing patience—possibly—or may be using verbal intervention to ensure financial conditions remain tight until inf shows more substantive progress. Allen added current inf prints are insufficient to declare victory: Q2 inf undershot expectations largely due to volatile components that risk rebounding in coming months.