The Bank of Australia unanimously decided to keep the overnight loan rate unchanged and achieved a careful balance in its policy information. Macro strategist Wee Khoon Chong in New York said that the central bank believes interest rates are “somewhat restrictive,” but emphasized that the overall inflation rate is still too high and is likely to remain high until the end of 2027, and the risk is still biased upward. He added that the Bank of Australia has maintained an austerity trend and reiterated that it is willing to raise interest rates further if the risk of upward inflation becomes a reality.

The Bank of Australia unanimously decided to keep the overnight loan rate unchanged and achieved a careful balance in its policy information. Macro strategist Wee Khoon Chong in New York said that the central bank believes interest rates are “somewhat restrictive,” but emphasized that the overall inflation rate is still too high and is likely to remain high until the end of 2027, and the risk is still biased upward. He added that the Bank of Australia has maintained an austerity trend and reiterated that it is willing to raise interest rates further if the risk of upward inflation becomes a reality.