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RBA statement says another rate rise possible -

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TONY JONES: Home buyers and mortgage holders are likely to face more pain with the Reserve Bank
indicating today the interest rates might have to rise again. In its quarterly statement, the RBA
says the risk of inflation remaining uncomfortably high is considerable, that interest rates are
likely to rise in the period ahead. Tellingly the Central Bank has upgraded its inflation outlook
to peak at 3.75 per cent in June. It's also forecasting inflation to remain above the comfort zone
for two years.

KEVIN RUDD, PRIME MINISTER: It's a disturbing warning from the Reserve Bank about the extent of the
inflation problem that we in Australia now face. We've said before and we'll say it again, when we
were handed government we were handed government with inflation running at its highest level in 16

TONY JONES: New data out today also shows job ads have risen again, reinforcing concerns the tight
employment market will further fuel inflation.