Economics
Fears grow for fourth rate hike after Australia sees higher-than-expected July inflation
Guardian Economics · Leans Left
Bureau of Statistics says CPI was 3.5% in July, casting doubt on Reserve Bank meeting its 2.5% inflation target without further hike
-
Get our breaking news email, free app or daily news podcast
Fears are growing that the Reserve Bank will hit millions of mortgage holders with a fourth rate hike this year, after inflation eased in July but by far less than expected.
Consumer prices climbed by 3.5% through the year, down from 3.8% in the previous month, according to the Australian Bureau of Statistics.
Read the full story at the original publisher
Guardian Economics →
-
The Strongest El Niño in a Generation Is Wreaking Havoc on Global EconomyMarketWatch Markets14 hours ago
-
How Xi Jinping Turned Oil From a Weakness Into a Geopolitical WeaponMarketWatch Markets17 hours ago
Leave a Reply