Policymakers said inflation remains persistent and indicated further rate rises remain possible if price pressures do not ease as expected.But with the economy slowing, three of the big four banks say the RBA may be done hiking interest rates, with cuts pencilled in for sometime in 2027.We'll know more about the direction of inflation when the Australian Bureau of Statistics publishes the monthly consumer price index on Wednesday.Many Australians may be overestimating how much they need to save for retirement.New figures from the Association of Superannuation Funds of Australia (ASFA) show a single person retiring today needs around $630,000 in superannuation savings to fund a comfortable retirement While every person's circumstances differ, the figures suggest many Australians may be closer to their retirement goals than they realise.It comes as researchers at Chant West say the median growth super fund saw a 2.1 per cent return in May, putting it on track for a 9 per cent financial year return.The Australian sharemarket eased on Friday, with the ASX200 rising 0.3 per cent over the week.The biggest move, though, came from Australia's largest listed company, BHP, which saw its shares suffer their biggest one-day fall in more than a year, down 5.6 per cent on Friday.It follows a cost blowout at its potash unit in Canada.But shares are up a massive 70 per cent over the past year as the company benefits from rising copper prices and its exposure to the energy transition.That's this week’s On the Money wrap