Petrol and electricity help lift annual rate of inflation to just inside the Reserve Bank's target band The annual rate of inflation has crept above 2% for the first time in two years but economists say the Reserve Bank won't be looking to raise interest rates anytime soon with questions remaining over the strength of the labour market. New figures showed the consumer price index rising 0.5% in the March quarter, a slightly smaller increase than most economists had been expecting.
Australian inflation above 2% but experts say interest rate rise unlikely
The Guardian - 26 Apr 2017 05:37
Petrol and electricity help lift annual rate of inflation to just inside the Reserve Bank's target band The annual rate of inflation has crept above 2% for the first time in two years but economists say the Reserve Bank won't be looking to raise interest rates anytime soon with questions remaining over the strength of the labour market. New figures showed the consumer price index rising 0.5% in the March quarter, a slightly smaller increase than most economists had been expecting.
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