Wednesday’s quarterly Consumer Price Index (CPI) inflation print from the Australian Bureau of Statistics (ABS) printed hotter than expected, raising the likelihood that the Reserve Bank of Australia (RBA) will hike the official cash rate by 25 bps at next month’s monetary policy meeting. The headline CPI rose by 3.8% in the 12 months to
The post Aussie inflation jumps, rate hike incoming appeared first on MacroBusiness.