✉news BusinessBanking first seen 17 h ago, last 11 h ago, peak #22
Australia inflation stays high in August despite rate hikes
Original: Australia inflation stubbornly high in August, defying run of rate hikes
New figures show Australian inflation remained stubbornly high in August, resisting the series of interest rate increases the Reserve Bank has implemented to bring prices under control. The data raises the prospect of further rate hikes and will fuel debate over the cost of living, mortgage pressures and whether monetary policy is working quickly enough.
Why now: Fresh inflation data disappointing expectations keeps alive the risk of further interest rate rises.
AustraliaReserve Bank of Australia
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