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Inflation comes in hot, ending chance of rate cut
Annual inflation climbed to 3.8%, driven by a 37.1% rise in electricity prices and higher housing costs, dimming chances of a Reserve Bank of Australia rate cut in 2025.
Summary by Sydney Morning Herald
7 Articles
7 Articles
Final nail in the coffin for rate cut hopes
Inflation has jumped once again, all but putting the final nail in the coffin for any chance of an interest rate cut in 2025, and even raising the spectre of another hike.While the monthly consumer price index (CPI) was flat in October, the yearly measure rose to 3.8 per cent, according to fresh data from the Australian Bureau of Statistics, up from 3.6 per cent in September.The trimmed mean – the Reserve Bank of Australia's preferred measure o…
·Australia
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Total News Sources7
Leaning Left1Leaning Right3Center1Last UpdatedBias Distribution60% Right
Bias Distribution
- 60% of the sources lean Right
60% Right
L 20%
C 20%
R 60%
Factuality
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