SYDNEY—Australian financial markets should now be waking to the realization that the Reserve Bank of Australia’s management change has ushered in a new era of hawkishness that could fuel a series of rate hikes next year.
RBA Governor Michele Bullock took the reins of the RBA in September replacing the outgoing Philip Lowe, and in the space of just over two months has moved to signal quite forcefully that the risks around inflation going forward are still considerable.
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