Second quarter CPI data will be the driving force on RBA’s rate decision
Independent Analyst Evan Lucas says the second quarter CPI data is going to be a “worry” for Australians.
The second quarter CPI number will give the RBA a broader understanding of the economy’s inflation before deciding on rates.
Second quarter CPI data will be the driving force on RBA’s rate decision
Australia’s inflation rate rose from 3.6 per cent to 4 per cent in May.
Markets are now predicting a 67 per cent chance of a rate hike in August.