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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Reserve Bank leaves interest rates on hold at 4.35 per cent as inflation fight continuesThe cash rate has remained unchanged since hitting a 12-year high in November 2023.
Source: SBSNews - 🏆 3. / 89 Read more »
Reserve Bank holds interest rates as it waits for inflation to easeHome buyers have been given another reprieve by the Reserve Bank which held official interest rates steady.
Source: theage - 🏆 8. / 77 Read more »
Reserve Bank holds interest rates as it waits for inflation to easeHome buyers have been given another reprieve by the Reserve Bank which held official interest rates steady.
Source: smh - 🏆 6. / 80 Read more »
Reserve Bank holds interest rates as it waits for inflation to easeHome buyers have been given another reprieve by the Reserve Bank which held official interest rates steady.
Source: brisbanetimes - 🏆 13. / 67 Read more »