According to Jinshi, Craig Vardy, head of fixed income at BlackRock, said that the Reserve Bank of Australia discussed the merits of further rate hikes after its policy meeting on Tuesday, but given the electricity and rent rebates announced by the federal government in May, the Reserve Bank of Australia is expected to lower its CPI forecasts, and the likelihood of subsequent rate hikes seems very low. Vardy added that there may be some elevated risks before the upcoming second quarter CPI data, and sticky inflation may be a topic of discussion for some time.
