Both the minutes of the Reserve Bank of Australia's June policy meeting and the recent comments by Gov. Michele Bullock indicate that the policy rate might still need to be increased at a later date, says Stephen Miller, investment strategy adviser at GSFM. That reflects the inability of government to support the RBA's inflation battle with supportive structural policies, he adds. The RBA faces considerable challenges having to negotiate a tricky path between structural inflation factors and cyclical fragility, he says. (james.glynn@wsj.com; @JamesGlynnWSJ)
Dow Jones Newswires
RBA Faces Considerable Challenges Ahead of Next Rate Call — Market Talk
Both the minutes of the Reserve Bank of Australia's June policy meeting and the recent comments by Gov. Michele Bullock indicate that the policy rate might still need to be increased at a later date, says Stephen Miller, investment strategy adviser at GSFM. That reflects the inability of government…