Australia's Inflation Surges, Dashing Rate Cut Expectations
TL;DR Summary
Australia's inflation rose to 3.2% in Q3, the highest in over a year, surpassing forecasts and pushing beyond the Reserve Bank's target, which suggests that rate cuts may be delayed as inflation remains persistent despite economic growth.
- Australia’s inflation tops forecasts at 3.2%, highest in over a year CNBC
- Australia’s Faster Inflation Boosts Case for Extended RBA Pause Bloomberg.com
- Australian Inflation Surge Scuttles Rate Cut Hopes The Wall Street Journal
- Australia's Q3 inflation accelerates, crushing rate-cut hopes Reuters
- Markets LIVE updates: ASX 200 drops 1pc on red-hot inflation; CBA, CSL shares slump AFR
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