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Inflation will hit the Reserve Bank's target and they need to act.
INFLATION
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The Reserve Bank of Australia (RBA) kept rates at a 12-year high of 4.35 per cent.
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The inflation figure due to be released today is different than most. It’s focusing the minds of politicians as well as economists.
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A finance expert has predicted Australia likely won't see a reduction in interest rates until at least the middle of next year.
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A growing list of experts now fear the Reserve Bank will hike rates next month, which could have big consequences for millions of Aussies.
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The monthly consumer price index rose four per cent over the 12 months to May, above expectations and up from the 3.6 per cent increase in April.
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The RBA has announced the cash rate will remain unchanged at 4.35 per cent.
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CPI increases for second month in a row with housing and food top contributors, lessening chances of the RBA cutting interest rates in 2024.
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Cost-of-living pressures have left some homeowners struggling to pay their mortgages in Melbourne.
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Borrowers have been spared more mortgage pain following the Reserve Bank of Australia's decision to keep interest rates on hold for the fourth meeting in a row.…
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The promise of any relief coming for borrowers seems to be pushed back with every coming day.
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The Australian Government has unveiled its strategy to boost economic activity and increase national security.
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