Australian inflation jumps, adding to chances of an RBA interest rate hike
- Written by John Hawkins, Head, Canberra School of Government, University of Canberra
Inflation has risen further above the Reserve Bank of Australia’s 2–3% target. There is now a very real prospect the Reserve Bank will feel it needs to increase interest rates at its meeting next week, with an announcement due on Tuesday afternoon.
Inflation rose 3.8% in the year to December, up from 3.4% in the year to November,...
Read more: Australian inflation jumps, adding to chances of an RBA interest rate hike
