EconomyFears grow of fourth Australian rate hike after higher-than-expected July inflation

Australia’s consumer prices rose 3.5% in the year to July, easing from 3.8% but exceeding economists’ 3.3% forecast. Underlying inflation remained at 3.6%, increasing expectations that the Reserve Bank may raise rates again this year, possibly as early as September, after holding the cash rate at 4.35%.

Australiainflationinterest ratesReserve Bank

TThe Guardian★★★☆☆2026-08-26 06:44Original