JP Morgan now expects the RESERVE BANK OF AUSTRALIA to raise rates again this week, citing recent inflation readings and comments from senior central bank officials. JP Morgan chief economist Ben Jarman says the RBA has signalled inflation is not yet under control and still has work to do. Markets put roughly a 90% probability on another increase in the official overnight cash rate. Weak economic activity reduces the chance of further hikes after November, but with inflation still too high the R

JP Morgan now expects the RESERVE BANK OF AUSTRALIA to raise rates again this week, citing recent inflation readings and comments from senior central bank officials. JP Morgan chief economist Ben Jarman says the RBA has signalled inflation is not yet under control and still has work to do. Markets put roughly a 90% probability on another increase in the official overnight cash rate. Weak economic activity reduces the chance of further hikes after November, but with inflation still too high the RBA is expected to maintain a tightening bias.