Rate hike alert still in effect! Core inflation in May exceeded the upper limit of the target, and the probability of interest rate hike within the year remains as high as 67% after the "hawkish pause" by the Reserve Bank of Australia.

The "Intelligence Finance" app is a weak teammate. In May, Australia's core inflation rate remained above the upper limit of the Reserve Bank of Australia's target range, further strengthening market expectations that policymakers will maintain a hawkish stance on interest rates.