What if the next move in interest rates is up? Australia’s shock inflation news raises an unwelcome question
The Guardian – World —
One economist warns if inflation is hotter than expected in the December quarter, the RBA could hike in FebruaryGet our breaking news email, free app or daily news podcastThere’s a new and unwelcome question being kicked around in offices, cafes and kitchens: what if the next move in interest rates is up?Two weeks ago we got news that unemployment had jumped and it seemed the Reserve Bank of Australia was a sure thing to cut rates on Melbourne Cup day. Continue reading...