Former Howard government minister Peter McGauran says it’s a “near certainty” that the Reserve Bank of Australia won’t raise interest rates next week when it makes its August decision.
This comes after it was revealed by the Australian Bureau of Statistics that over the last 12 months, inflation rose to 3.8 per cent from 3.6 per cent.
The RBA is expected to factor in the latest inflation numbers when it makes its next interest rate decision for August.
source
kamala is 3/4 Indian from India and 1/4 Jamaican African. That makes her predominately Indian and she has always proclaimed her Indian heritage until now when she suddenly claims her African heritage as African American which she is NOT. Plus she spent most of her childhood in Canada so she is as much a Canadian as she is Jamaican and Indian and American.
There have been 2 quarterly changes of 1%.
The core number is sticky.
Wage effects are coming into the next quarter.
Relying on a prayer to reduce inflation isn't going to work
Skys very own left wing report wow talk about a lefty
The government doesn't want to hurt the rich. They only want to destroy the working people. I can't wait for house prices and rents to sky rocket on this news. Homeless at 290,000 so far, let's get that to a million!
The far left pollies think that putting pressure on RBA not to increase rates will reduce inflation 😂😂😂😂, they haven’t a clue
Can you really BLAME Trump? They switched candidates on him and in a most undemocratic way! He said that when Biden was still the opponent.
The Democrats ARE thr party of focusing on race and choosing a VP and cabinet members on the basis of DEI, not their qualifications and skills.
And Albo will take the credit for it in order to gain some votes. Don't fall for it.
Come on.. 😂 a normal candidate 😂😂😂😂😂.. TRUMP IS KING
If interest rates goes up the government will loooose the next election.its all connected for Albo to win.
You don't know how lucky you are to live down under I live in America
Corruption at its highest.
Poor 🐦 🐦⬛ 🦃 🦉 🐥 🐔 … St.Thomas
The RBA is supporting Labors re-election 😡
This reporter is a lefty
The RBA really likes to peel the Band-Aid off as slowly as possible.
Next month will tell.
If the Board did increase rates there will never be another Board job for them in Australia. EVER. Democracy with Aussie characteristics!😂
Michele Bullock's a rough looking fella
Silly leftards need a new recording.
They must lift rates to cool house prices. House prices impact rent. The largest weekly expense for the average Aussie. Raise the bloody rates 😂