Fears grow for fourth rate hike after Australia sees higher-than-expected July inflation
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What happened
Bureau of Statistics says CPI was 3.5% in July, casting doubt on Reserve Bank meeting its 2.5% inflation target without further hike Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Fears are growing that the Reserve Bank will hit millions of mortgage holders with a fourth rate hike this year, after inflation eased in July but by far less than expect…
Summary assembled by rule from the sources below