Reserve Bank chief warns of rate hikes as inflation stays high

The head of Australia's central bank has issued a stern warning about rising prices just days before the next big decision on interest rates. The Reserve Bank governor spoke out as experts predict more financial pain for property markets across the country. Financial analysts point out that high inflation remains a bigger worry than job losses for the bank right now. Because of this, experts at State Street expect the bank to push interest rates up two more times in the near future. Another hike in rates will put a lot more pressure on people who own homes and the wider property market. The warning comes right before the official meeting where the next rate change will be decided.