Why inflation won't force the RBA's hand on rates

Despite inflation hitting the top of the Reserve Bank's target band in the June quarter, momentum is set to moderate, particularly given a soft outlook for the labour market and wage growth.

Inflation hit the top of the Reserve Bank of Australia’s target band in the June quarter but that is no cause for concern. The outlook for inflation remains benign, underpinned by soft wage growth, and the exchange rate is no longer putting upward pressure on prices.

On a seasonally-adjusted basis, consumer prices rose by 0.6 per cent in the March quarter, with core measures exceeding market expectations, to be 3.0 per cent higher over the year. 



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles