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Australia’s inflation rate rises to 4.3%, fuelling fears of fifth interest rate hike this year
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Guardian World
Australia’s inflation rate rises to 4.3%, fuelling fears of fifth interest rate hike this year
CPI release comes ahead of Reserve Bank decision next week as the Middle East conflict intensifies the cost of living crisis
Australia’s headline inflation rate has accelerated to 4.3%, with a key gauge that strips out volatile prices also elevated, sharpening expectations of another interest rate rise next week.
The Reserve Bank of Australia’s preferred measure of consumer prices, called underlying inflation, came i…
28 Oct, 00:36
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City AM
‘Door is open’ to interest rate hike as inflation fears return
An interest rate hike by the Bank of England this year is back on the cards as fears of continued oil and gas trade disruption across the Strait of Hormuz could push inflation higher, according to City economists. A spike in oil prices to levels seen during the Iran war has dampened the mood across [...]
23 Jul, 09:59
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