Watch

Name: Inflation rises slightly but rate hike unlikely
Uploaded: 2024-07-31T10:39:49.455Z
Duration: 2 min 16 s
Description: Australia's annual inflation has risen slightly to 3.8% in the June quarter, in line with the Reserve Bank's forecasts. But the chance of an interest rate hike next week is unlikely, as economists expect the RBA will keep the cash rate on hold when it meets next week.

Inflation rises slightly but rate hike unlikely

Published 31 July 2024, 8:55 am

Australia's annual inflation has risen slightly to 3.8% in the June quarter, in line with the Reserve Bank's forecasts. But the chance of an interest rate hike next week is unlikely, as economists expect the RBA will keep the cash rate on hold when it meets next week.

Tags

Australia