Australia Raises Inflation, Wages Outlook, Sees Higher Rates
Australia’s central bank boosted its forecast for core inflation this year and is trying to ensure the economy avoids a wage-price spiral, underscoring the need for even higher interest rates.
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### Instruction: Australia Raises Inflation, Wages Outlook, Sees Higher Rates

### Response: Australia’s central bank boosted its forecast for core inflation this year and is trying to ensure the economy avoids a wage-price spiral, underscoring the need for even higher interest rates.