After surging on yesterday's slightly higher-than-forecast inflation figures, bets on an interest rate rise next month have gyrated dramatically on Senate testimony from the Reserve Bank governor. Michele Bullock was called to appear before the Senate Economics Committee, giving senators a chance to quiz her on the latest Consumer Price Index from the Bureau of Statistics. "The print came out a little higher than we'd been forecasting at our August statement on monetary policy," she said, before quickly adding, "but it was pretty much where we thought it would come out, given the information we'd come into since ... (full story)