Inflation hits 3.5%, but one high number won't budge the Reserve Bank on interest rates
- Written by John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society and NATSEM, University of Canberra
ShutterstockAustralia’s Consumer Price Index rose 1.3% in the three months to December, bringing inflation for the full 2021 year to 3.5%.
This is above the Reserve Bank of Australia’s medium-term target range of 2-3% inflation. It will excite speculation about the central bank lifting interest rates far sooner than 2024, as the...
Read more: Inflation hits 3.5%, but one high number won't budge the Reserve Bank on interest rates