WEEKEND ECONOMIST: Inflating interest

Following the release of the recent employment figures, it's likely that inflation levels for the June quarter will go past the Reserve Bank's target band – guaranteeing a rate rise in August.

In a report on the Reserve Bank governor's statement following the July board meeting we made the observation that, "It now appears likely that a 0.7 per cent quarterly print for core inflation would see policy unchanged at the August meeting, whereas we think a 0.8 per cent quarterly result would still see a rate hike."

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