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Wars risk keeping interest rates higher for longer, says new RBA governor | The Business | ABC News

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The new Reserve Bank governor Michele Bullock worries continuing global supply shocks may entrench inflation expectations and bigger price rises, forcing interest rates higher for longer. In her first public appearance since taking on the top job, she warned about the possibility of further hikes. She also blamed rising house prices, low unemployment and increasing services costs for making inflation "sticky".
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