RBA

RBNZ, RBA warn oil-driven inflation may force more rate hikes

Central banks in Australia and New Zealand on Tuesday flagged rising inflation risks driven by persistently high oil prices, with top officials from both institutions warning that further interest rate increases may be needed to contain price growth.

Fed holds rates steady as Australian dollar slides on soft inflation data

The Australian dollar fell sharply on Tuesday after official data showed inflation cooling faster than economists had anticipated, undermining the case for further monetary tightening by the Reserve Bank of Australia and sending AUD/USD to its lowest level in more…