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Economy

Oct 26, 2016

No, the RBA is not going to cut rates on Cup Day

New inflation data shows a small rise in prices, but it's mostly down to the weather.

A further rate cut from the Reserve Bank looks unlikely after the September quarter Consumer Price Index data from the Australian Bureau of Statistics revealed a larger-than-expected quarter-on-quarter headline rate rise of 0.7% from the 0.4% in the three months to June. Economists had been looking for a rise of 0.5% from the June period.

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One thought on “No, the RBA is not going to cut rates on Cup Day

  1. Dog's Breakfast

    I hope they don’t lower interest rates any further. It is the medicine we no longer need.

    A few rate rises would be good for many, perhaps most. I look forward to them.