SYDNEY  –Australia’s central bank tightened monetary policy this week because of upside inflation risks to an already drawn-out return of inflation to target, Governor Philip Lowe said on Wednesday, after raising interest rates to an 11-year high of 4.1 percent. Some further tightening may still be required to bring inflation to heel but that would depend on how the economy and inflation evolve, said Reserve Bank of Australia (RBA)’s Lowe said … Continue reading Australia’s central bank says hike this week due to inflation risks, warns more may come