Chance of Rate Rise for Melbourne Cup Day Increases as Inflation Rises Overview The possibility of a rate rise for Melbourne Cup Day has increased as inflation continues to rise in Australia. The Australian Bureau of Statistics reported that both headline and underlying inflation increased by 1.2% in the September quarter. Soaring petrol prices have […]
Inflation on the Rise in Australia: Impact of Higher Fuel Prices Introduction Australia‘s inflation rate increased by 1.2% in the September quarter, driven by higher fuel prices. The rise in the consumer price index (CPI) has exceeded economists’ expectations and has raised speculations about a potential increase in interest rates by the Reserve Bank. This […]
Inflation Rises in September Quarter, Deepening Fears of Further Rate Rises Introduction Australia’s Consumer Price Index (CPI) has risen 1.2 per cent in the September 2023 quarter, sparking concerns that the nation’s central bank may be forced to increase interest rates. The new data from the Australian Bureau of Statistics (ABS) reveals that inflation rose […]
Inflation on the Rise: Higher Fuel Prices Push Consumer Price Index Higher to 1.2% The latest data from the Australian Bureau of Statistics has revealed that Australia‘s inflation rate rose by 1.2% in the September quarter, surpassing economists’ expectations. The increase was primarily driven by higher fuel prices, which have put additional pressure on the […]
Economy Faces Annual Inflation Rate Easing to 6% in June Quarter, 4.9% in Perth Introduction Australia‘s annual inflation rate has experienced a gentle slowdown, easing to 6% in the 12 months leading up to June. The data from the Australian Bureau of Statistics reveals that Perth has seen the lowest price hikes among all the […]
RBA Governor Philip Lowe Warns About Inflation and Interest Rates Introduction The Reserve Bank of Australia’s Governor, Philip Lowe, delivered a message of caution to the millions of Australians currently struggling with surging mortgage repayments. In a speech delivered to investment bank Morgan Stanley’s Australian conference, Lowe stressed the importance of using the only tool […]
Reserve Bank Governor warns of possible continued rate increases to control inflation The Reserve Bank Governor, Philip Lowe, has warned that despite the pain caused by interest rate hikes, it remains the only tool RBA has to combat inflation. Speaking at investment bank Morgan Stanley’s Australian conference, he acknowledged the negative financial impacts of the […]
Reserve Bank of Australia Raises Interest Rates to Tackle Inflation The Reserve Bank of Australia (RBA) has raised interest rates for the 12th time in just over a year in an attempt to tackle inflation. The decision to increase the cash rate by another 25 basis points has brought the official rate to 4.1%, its […]