Inflation in Australia is still stubbornly high. Will the RBA raise interest rates again?

With hopes for a rate cut gone, there is speculation of another rise before the end of 2024. What factors will sway the Reserve Bank's decision?

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Promising signs that inflation was moving in the right direction have been rocked by a stronger than expected reading for the March quarter.

Experts are now questioning whether the Reserve Bank's next move will to cut the cash rate or raise it. The RBA board will soon receive briefings for its 6-7 May meeting, including an update of the central bank's main forecasts.