Higher than expected inflation report dashes hopes for further RBA rate cuts
- Written by Stella Huangfu, Associate Professor, School of Economics, University of Sydney
Inflation jumped 1.3% in the September quarter, above economists’ and the Reserve Bank’s own expectations. That is likely to rule out a cut in interest rates next week.
The Australian Bureau of Statistics today released the consumer price index (CPI), showing headline inflation was almost double the 0.7% increase recorded in the June...
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