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Reserve Bank of Australia warns of low tolerance for stubborn inflation

Reserve Bank of Australia warns of low tolerance for stubborn inflation


SYDNEY — The Reserve Bank of Australia continues to warn that further interest rate hikes may be necessary if it detects signs that inflation is out of control.

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Eleon

With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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