Australia’s Hot Q3 Inflation Strengthens Case for Imminent Rate Rise
The inflation report could influence expectations for an imminent Australian rate rise.
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04:05:20 AM UTC
SquawkNews
By Stella QiuAustralia's inflation accelerated in the third quarter on higher fuel costs, data showed on Wednesday, while stubbornly hot underlying price pressures all but sealed the case for a fifth interest rate rise next week.Appearing before lawmakers, Reserve Bank of Australia Governor Michele…