Inflation figures could trigger rate rise
The stock market is predicting a 28 per cent chance of an interest rate rise next month, with crucial consumer price index figures expected to drop later today heavily influencing the Reserve Bank’s decision.
The inflation data comes at a critical time for Australian households already struggling with the cost of living, with the fuel excise cut set to end on Sunday.
Treasury has warned that with the re-escalation of the US and Iran conflict, prices at the bowser could stay higher for longer. #costofliving #interestrate #raterise #middleeast #fuelexcise
