Reserve Bank of Australia (RBA) Governor Philip Lowe did reiterate that further tightening was still likely to tame inflation, having lifted rates to an 11-year high of 3.60% at a policy meeting ...

"Inflation in Australia is declining but is still too high at 6%. Goods price inflation has eased, but the prices of many services are rising briskly. Rent inflation is also elevated," said Lowe.