According to Jinshi, Australia's inflation in May was higher than expected, and price pressures remained strong, which strengthened the case for the Reserve Bank of Australia to resume raising interest rates. The weighted CPI annual rate in May was 4%, higher than the expected 3.8%. After the data was released, the Australian dollar rose, and the yield of the policy-sensitive three-year bond also rose. The Governor of the Reserve Bank of Australia, Bullock, said last week that the possibility of raising interest rates could not be ruled out, and policymakers remained vigilant about the upward risks of inflation. Economist James McIntyre said that the rise in CPI may increase speculation that the Reserve Bank will raise interest rates at the August meeting, but he did not think it would, and the June CPI data and the first quarter inflation report would be more relevant, and these data would be included in the forecast update before the August meeting.