Fears grow for fourth rate hike after Australia sees higher-than-expected July inflation
Bureau of Statistics says CPI was 3.5% in July, casting doubt on Reserve Bank meeting its 2.5% inflation target without further hike Follow our Australia news live blog for latest updates 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.
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CurrentWire ranked this story 62.3 of 100 in the snapshot this page was rendered from.
- Freshness
- 32.8 of 35
- Source authority
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- Coverage breadth
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- Geographic relevance
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- Story prominence
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- Velocity
- 0 of 5
Strongest signal: freshness, 32.8 of 35. How each signal is calculated.
Filed under Business · International · News. Topics extracted from this report, with other live CurrentWire stories mentioning each: Inflation (2).
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