🚨 RBA WARNS INFLATION IS WORSENING

Reserve Bank Deputy Governor Andrew Hauser has warned Australia's inflation outlook is "materially worse" than previously forecast, raising the possibility of another interest rate increase in November.

Inflation remains at 4%, well above the RBA's 2–3% target, despite four rate hikes this year. Meanwhile, unemployment has risen to 4.7%, leaving the central bank facing difficult decisions as the economy weakens.

The RBA will announce its next interest rate decision on November 3.

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