Reserve Bank of Australia still jittery about stubborn inflation risks

SYDNEY — The Reserve Bank of Australia continues to warn that while inflation pressures have peaked, the risks that inflation remains higher for longer are significant and further interest-rate increases may be needed.

In its latest monetary-policy statement released Friday, the Australian central bank said that while inflation expectations are consistent with price pressures returning to target by mid-2025, a continuation of that is not yet assured.

Stubborn…