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Australia’s inflation stays high, pushing expectations for another interest rate hike.
Australia’s latest inflation data has intensified pressure on the Reserve Bank of Australia to raise interest rates, as elevated price increases persist despite previous rate hikes.
While specific figures are not provided, the report indicates inflation remains above target, fueling expectations of further monetary tightening to control spending and inflationary expectations.
The RBA’s upcoming decision will be closely watched, as higher rates could affect household budgets and economic growth.
Unrelated events include a failed carjacking near a school in New South Wales, a new police threat unit, and a bomb scare involving a Chinese cultural group at the Prime Minister’s residence.
La inflación de Australia se mantiene alta, lo que aumenta las expectativas de otro aumento de las tasas de interés.