World News
10 views

Fears grow for fourth rate hike after higher than expected July inflation rate

ABS says CPI was 3.5% in July, casting doubt on Reserve Bank meeting its 2.5% inflation target without further hike Fears are growing that the Reserve Bank will hit millions of mortgage holders with a fourth rate hike…

Fears grow for fourth rate hike after higher than expected July inflation rate

ABS says CPI was 3.5% in July, casting doubt on Reserve Bank meeting its 2.5% inflation target without further hike Fears are growing that the Reserve Bank will hit millions of mortgage.

ABS says CPI was 3.5% in July, casting doubt on Reserve Bank meeting its 2.5% inflation target without further hike

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.

Continue reading...
The Guardian Verified Source

Syndicated via official news feed

Explore all World News stories

Syndicated feed content with full publisher credit.

World News Desk

More in World News

Continue reading verified coverage and related developments on this desk.

View All

More from World News

Latest developments and reports from the desk

All stories →