On June 3, the coin market showed that if inflation fails to slow down, the Reserve Bank of Australia may have no choice but to resume raising interest rates this year, which would make it a potential exception to the global tightening cycle that has almost ended after the pandemic. With the exception of Japan, which has only started raising interest rates this year, Australia will be the only developed economy where the coin market still expects the possibility of a rate hike. Su-Lin Ong, chief economist at RBC Australia, said: "The RBA has little tolerance for an upside surprise in inflation data. She said the RBA would have to be forced to raise interest rates if the second-quarter data confirmed that the disinflationary trend had stalled, albeit reluctantly.