Latest Inflation Numbers Place Pressure on RBA to Increase Interest Rates

Major banks' new move hints at more interest rate pain for Aussies

Two of the big four banks have moved to increase fixed rates in yet another signal Australia could be hit by a second cash rate hike in the coming months.Westpac and Commonwealth Bank both raised fixed rates by 0.30 and 0.25 percentage points respectively, following the RBA's unanimous decision to raise the cash rate to 3.85 per cent at its first meeting of the year.The decision came before yesterday's higher-than-expected inflation data, whic…

The RBA didn't see the inflation bump coming. Now rate hikes are all but certain

The economic forecast has turned on a dime, with the latest figures showing that inflation is slipping out of control.

Australia’s inflation remains high signalling possible RBA rate hike

Prices rose by half a per cent in January with the Treasurer admitting the pain will linger for the first half of the year. The rate of annual inflation coming in higher than expected has ignited speculation of a rate hike in the coming months.

Latest inflation numbers place pressure on RBA to increase interest rates

The latest inflation numbers have upped the pressure on the Reserve Bank to hike interest rates.

'Rise on the horizon': inflation fuels rate hike fears

A small increase in underlying inflation has led to growing expectations the Reserve Bank will lift the cash...

AUD: Sticky CPI backs further RBA hike – TD Securities

TD Securities’ Global Strategy Team highlights that Australia’s January CPI remained elevated, with both headline and trimmed mean inflation above consensus.