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The factors that could point to an RBA rate rise next month

From sbs.com.au

The Reserve Bank of Australia (RBA) decided not to increase the official cash rate last month, keeping it on hold at 4.1 per cent. It was the fourth consecutive month that the central bank kept the rate unchanged. But could the latest data around inflation, unemployment, and retail spending lead to an increase at the RBA's next meeting? Inflation: Consumer Price Index (CPI) figures, released by the Australian Bureau of Statistics (ABS) last week, showed inflation rose more than expected in the latest quarter. CPI increased by 1.2 per cent during the September quarter — and 5.4 per cent annually. The most significant ... (full story)

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  • Category: Fundamental Analysis