Hong Beijing on May 7 it was economic voice of the Financial Times reported that Australia's Central Bank said, under the pressure of inflation rising, Australia likely will further tighten monetary policy, also cut its economic growth expected in 2012 and 2013.
Australia's Central Bank also raised its forecast of core inflation is expected in the coming years, is expected in 2011 to 2013 will be in the core inflation rate at the end 2%-3% top of the target range; the end of 2013, the inflation rate will reach 3.25%. And upward inflation pressures from energy, food and the rising cost of living and poor conditions in the labour market.
