The Reserve Bank’s interest rate decision next month will hinge on the severity of the inflation threat posed by the quarterly consumer price index result due this week, as global central banks continue their fight against price pressures.Bond markets imply an outside chance the Reserve Bank of Australia governor Philip Lowe will lift interest rates again.Australia’s CPI for the three months to March 31 will be released on Wednesday, tracking how well the 3.
Consensus for core CPI, the RBA’s preferred measure, indicates quarterly growth will cool to 1.4 per cent, from 1.7 per cent in the December period. This would take the annual reading to 6.7 per cent, from 6.9 per cent. This measure could prove more difficult to return to target and force the hand of the central bank once more.
Commonwealth Bank expects core CPI to rise 1.3 per cent in the quarter, taking the annual print to 7 per cent.
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