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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Australia
1 mins to read

Aussie inflation higher at 4% creates dilemma for RBA

The RBA is mandated to bring inflation down, but will also be mindful that higher rates could bring on a recession.

The RBA has held rates steady at 4.35% since November.

Australia’s monthly inflation indicator for May has come in at a higher than expected 4%, adding further intrigue to the next move from the Reserve Bank of Australia on interest rates.

Data from the Australian Bureau of Statistics showed the May CPI increased from 3.6% in April to 4%, higher than

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Lachlan Colquhoun Wed, 26 Jun 2024
Contact the Writer: lachlan@nbr.co.nz
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Aussie inflation higher at 4% creates dilemma for RBA
Australia,
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