Rise In Inflation To Irk RBA
July 6th, 2010
Article courtesy of SMH Business Day. July 5, 2010 – 10:45am.
The rate of inflation rose for the eighth straight month in June, as the cost of food, travel and insurance services rose as Australia edges closer to total employment.
And the rise will test the Reserve Bank of Australia’s (RBA) patience as it heads into its rate-setting monthly board meeting tomorrow, an analyst says.
Simon Reibelt from Oasis Home Loans Northern Beaches said that the RBA was tipped by leading economists to keep rates on hold for the short time being.
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