Business News

Inflation has fallen, but one or two more interest-rate rises are still likely

Written by John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra

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Australia’s inflation rate has fallen from its 30-year high of 7.8% in the December quarter of 2022 to 7.0% in the March quarter of 2023. But it’s still likely the Reserve Bank of Australia will push up interest rates again before the end of the year to drive inflation back to its target range.

Contributing to the lower...

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