Reserve Bank

Business

Reserve Bank Bulletin Flags Inflation Risks Amid Global Uncertainty

The Reserve Bank’s April Bulletin highlighted the potential risk to inflation from extreme weather conditions and ongoing geopolitical tensions affecting crude oil prices. Retail inflation, as measured by the Consumer Price Index (CPI), eased to 4.9% in March, down from an average of 5.1% in the previous two months. Despite this, the Reserve Bank has maintained its key interest rate…