Australia’s monthly inflation rate increased to its highest level in 2024 in the latest indication that the Reserve Bank won’t be cutting interest rates soon and might yet hike again.
The monthly inflation figures are less complete than the quarterly ones, which won’t land until 31 July. The RBA expects the quarterly inflation pace will accelerate to 3.8% in the April-June period from 3.6% in the March quarter.
Source: Loan Digest (loandigest.net)
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