Odds of fifth interest rate hike this year likely to shorten as RBA deputy warns inflation outlook ‘worsening’

The Reserve Bank of Australia's deputy governor, Andrew Hauser, has expressed concerns about the country's inflation outlook, stating it is "materially worse" than expected. This warning suggests the central bank may not need to raise interest rates as much as previously thought. As a result, the likelihood of a fifth interest rate hike this year may decrease, which could be a positive sign for the economy and consumers with mortgages. This shift in expectations could also impact the Australian dollar and other financial markets.

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The RBA deputy's warning on inflation suggests a potential rate hike, which could lead to higher bond yields. This could make Australian bonds more attractive to investors, as they offer a higher return, but it also poses a risk to the labour market, which

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