The RBA’s monetary policy board is facing a pivotal fortnight, marked by a quarterly CPI report that is likely to show inflation back above the 2 per cent to 3 per cent target range, complicated by a surprise rise in the unemployment rate in September a few weeks ago.
This week’s quarterly consumer price index (CPI) outcome is likely to reshape the monetary policy debate away from rate cuts, and provide a timely reminder to both markets and policymakers that Australia’s inflation problem is far from resolved.
Loading…
