On Wednesday, the Australian Bureau of Statistics (ABS) released the monthly CPI inflation indicator for July, which recorded a jump in annual headline inflation to 2.8%, up from up a hefty 0.9% from the 1.9% reported in June. The result was a much larger rise than anticipated, with CBA forecasting a 2.0% rise and the
The post Spooked RBA to hold rates in September appeared first on MacroBusiness.