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The Guardian·3 min read·medium

Interest rate hikes remain on cards as Australia’s underlying inflation climbs, economists warn

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Patrick Commons Economics editor
Interest rate hikes remain on cards as Australia’s underlying inflation climbs, economists warn
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This article covers: Interest rate hikes remain on cards as Australia’s underlying inflation climbs, economists warn

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The Reserve Bank of Australia is tipped to hike interest rates at least once more this year after a key inflationary marker rose during the year to May. Photograph: Saeed Khan/AFP/Getty Images View image in fullscreen The Reserve Bank of Australia is tipped to hike interest rates at least once more this year after a key inflationary marker rose during the year to May. Photograph: Saeed Khan/AFP/Getty Images Interest rates Interest rate hikes remain on cards as Australia’s underlying inflation climbs, economists warn Despite plunging fuel prices, trimmed mean inflation increased from an annual pace of 3.4% to 3.6%

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