‘Dodged a bullet’: inflation eases to 3.8%, reducing chances of interest rate rise for Australia’s mortgage holders
•Inflation in Australia eased to 3.8%, down from 4%.
•This decrease reduces the likelihood of an interest rate hike by the Reserve Bank next month.
•Economists viewed the consumer price report as critical ahead of the RBA's rate decision on August 11.
المصدر: The Guardian | Source: The GuardianABS data shows inflation still too high but tracking lower than anticipated
Australian mortgage-holders have “dodged a bullet’, with the Reserve Bank now less likely to hike rates next month after new data showed inflation unexpectedly eased to 3.8%, in the year to June, from 4%.
The hotly anticipated consumer price report from the Australian Bureau of Statistics had been seen by some economists as a “make-or-break” moment ahead of the RBA’s upcoming rate decision on 11 August.
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→Inflation in Australia eased to 3.8%, down from 4%.
→This decrease reduces the likelihood of an interest rate hike by the Reserve Bank next month.
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