What the fall in the Australian dollar tells us about the future of interest rate rises
1 year, 7 months ago

What the fall in the Australian dollar tells us about the future of interest rate rises

ABC  

There's growing evidence the economy is under stress. It's consistent with what soon-to-be RBA governor Michele Bullock said a few weeks back — that unemployment would "have to" rise for inflation to come down to the RBA's target band. "The fall reflects a combination of market expectations that the RBA may have finished hiking and uncertainty following the Fitch downgrade to the US which may increase pressure for fiscal austerity which could threaten the global growth outlook and hence cyclical currencies like the Australian dollar," AMP chief economist Shane Oliver said. "The Australian dollar is reacting to market interest rates, which have declined substantially in recent weeks and reflect an expectation that the RBA is likely at the end of its tightening cycle," he said. This week the drop in the Australian dollar can be attributed to strength in the US dollar, nerves on international financial markets and agreement among local and international currency investors that it's "safe" to assume the Reserve Bank is done with its monetary policy tightening cycle.

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History of this topic

Australia, NZ dollars sink on soaring euro; steady vs dollar
1 week, 6 days ago

Australia, NZ dollars sink on soaring euro; steady vs dollar

Live Mint  

SINGAPORE, March 12 - The Australian and New Zealand dollars hit post-COVID lows against a surging euro, as Ukraine said it would agree to a U.S. proposal for a ceasefire, a possible step toward peace. The euro had gained broadly after the U.S. said it would restore military aid and intelligence sharing to Kyiv, while Kyiv said it would accept …

Australia, New Zealand currencies edge higher as US economic fears drag dollar
2 weeks, 1 day ago

Australia, New Zealand currencies edge higher as US economic fears drag dollar

Live Mint  

* Aussie, Kiwi near five-year lows on euro * Wall Street futures sink, lower bond yields bring dollar lower * Little domestic data expected this week SYDNEY, March 10 - The Australian and New Zealand dollars eked out small gains on Monday after U.S. President Donald Trump refused to rule out a recession from his trade policies, triggering a flight …

Has Australia's economy turned the corner? Angus Taylor has a warning
2 weeks, 2 days ago

Has Australia's economy turned the corner? Angus Taylor has a warning

ABC  

Economists say Australia has turned a corner. Last week, he said labour productivity was still "disastrous" in Australia and the purchasing power of our wages had deteriorated "disastrously" since Labor won the election in 2022. By the time the 2022 election was held, the "real" value of our wages had already deteriorated so much that our wages were buying less …

The latest Australian dollar sell-off is a red flag for the economy
3 weeks, 3 days ago

The latest Australian dollar sell-off is a red flag for the economy

ABC  

There's a lot going on in the world, and the story is encrypted in the Australian dollar. Then, on Friday, US President Donald Trump announced dates for the implementation of tariffs on Canada and Mexico and said the US would impose a further 10 per cent tariff on Chinese goods. "The Aussie's hopes for a quiet glide into the weekend …

Australia, NZ dollars back off resistance, tariff risk looms
1 month ago

Australia, NZ dollars back off resistance, tariff risk looms

Live Mint  

By Wayne Cole SYDNEY, Feb 25 - The Australian and New Zealand dollars were on the back foot on Tuesday after again failing to clear resistance, and markets were reminded the next round of U.S. tariff jeopardy was just days away. President Donald Trump on Monday indicated proposed levies on Mexico and Canada were still set to start next week, …

Australia, NZ dlrs scale two-month highs, RBA hawkish on easing
1 month ago

Australia, NZ dlrs scale two-month highs, RBA hawkish on easing

Live Mint  

By Wayne Cole SYDNEY, Feb 21 - The Australian and New Zealand dollars hovered near two-month highs on Friday as worries about a global trade war abated a little, while Australia's central bank sounded a hawkish tone on future rate cuts. "Future rate cuts will likely be more a case of benign inflation readings allowing the RBA to remove the …

RBA delivers first rate cut since 2020
1 month ago

RBA delivers first rate cut since 2020

ABC  

Samantha Donovan: Hello, welcome to PM. So what we've seen is those really sticky items in the inflation baskets, I think insurance premiums, out-of-pocket health care costs, the cost of building a new dwelling or rental prices, those price increases have been such that the Reserve Bank has been worried that if it doesn't keep interest rate policy restrictive, and …

Australian shares marginally extend losses after RBA cuts rate as expected
1 month ago

Australian shares marginally extend losses after RBA cuts rate as expected

Live Mint  

By Adwitiya Srivastava Feb 18 - Australian shares slightly deepened losses after the local central bank delivered its highly anticipated interest rate cut for the first time in over four years on Tuesday, driven by a sell-off in heavyweight financials. The RBA cut rates by 25 basis points to 4.10%, easing its monetary policy for the first time since November …

Australian central bank cuts benchmark interest rate for the first time since October 2020
1 month, 1 week ago

Australian central bank cuts benchmark interest rate for the first time since October 2020

Associated Press  

MELBOURNE, Australia — Australia’s central bank on Tuesday reduced its benchmark interest rate for the first time since October 2020 as the nation’s inflation cools. “Inflation has fallen substantially since the peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer towards balance,” the board said in a statement. “Some other central banks …

Borrowers on edge ahead of RBA decision
1 month, 1 week ago

Borrowers on edge ahead of RBA decision

ABC  

Andy Park: Hello, welcome to The World Today. If by its very nature, the Reserve Bank cutting interest rates stimulates demand and increases inflation, if underlying inflation still isn't within the Reserve Bank's band of between 2% and 3%, won't an interest rate cut have policy makers put up the white flag on inflation? Jane Bardon: The independent Yolngu MP …

Yen rallies on growth data, dollar steady around two-month low
1 month, 1 week ago

Yen rallies on growth data, dollar steady around two-month low

Live Mint  

* Yen rises on better-than-expected Q4 GDP data * Dollar broadly on the back foot * RBA, RBNZ expected to deliver rate cuts this week By Rae Wee and Harry Robertson SINGAPORE/LONDON, Feb 17 - The yen rose on Monday in a boost from upbeat Japanese growth data, while the dollar hovered near its lowest in two months after investors …

Yen gains; Aussie, kiwi steady before rate decisions
1 month, 1 week ago

Yen gains; Aussie, kiwi steady before rate decisions

Live Mint  

By Rae Wee SINGAPORE - The yen rose on Monday in a boost from upbeat Japanese GDP data, while the Australian and New Zealand dollars held broadly steady ahead of policy decisions later in the week. The dollar was on the back foot as traders assessed recent weaker-than-expected U.S. economic data which have reignited bets for more Federal Reserve rate …

When will interest rates go down? Banks are preparing for the RBA's cash rate decision
1 month, 1 week ago

When will interest rates go down? Banks are preparing for the RBA's cash rate decision

ABC  

The Reserve Bank of Australia is meeting and banks are forecasting an imminent cash rate cut. The cash rate target is set by the RBA and influences how much commercial banks charge customers for borrowing money — it's currently at 4.35 per cent. All of the big four banks — ANZ, Commonwealth Bank, NAB and Westpac — reckon the RBA …

The RBA hasn't changed the cash rate for more than a year. Here's why
1 month, 1 week ago

The RBA hasn't changed the cash rate for more than a year. Here's why

ABC  

The cash rate target — a figure that influences how high people's mortgage repayments are set — hasn't changed for more than a year. That's why, when inflation started increasing rapidly in Australia, the RBA began lifting interest rates to stop inflation getting worse — and to drag inflation back down into the 2–3 per cent range. The RBA raised …

Big call on interest rates everyone with a mortgage needs to read as Donald Trump tariffs stir inflation fears
1 month, 2 weeks ago

Big call on interest rates everyone with a mortgage needs to read as Donald Trump tariffs stir inflation fears

Daily Mail  

Donald Trump's 25 per cent tariffs on Australian goods could end up delaying interest rate cuts here, experts fear. Donald Trump 's 45 per cent tariffs on Australian goods could end up delaying interest rate cuts, experts fear This would occur as weaker American demand for imports boosted the US dollar. Alarmingly, KPMG sees headline inflation climbing back to 3.3 …

Inflation has fallen in Australia and NZ, but which is faring better?
1 month, 2 weeks ago

Inflation has fallen in Australia and NZ, but which is faring better?

ABC  

New Zealand's economy is in recession. But inflation has fallen in both countries, and Australia's Reserve Bank is expected to start cutting interest rates soon. For example, New Zealand's labour force hasn't grown in the past 12 months, but you wouldn't know that by looking at its unemployment rate. Therefore, you could argue that New Zealand's unemployment rate is obscuring …

The fallout of Trump's tariffs hits financial markets as ASX dives. Here's what it means for Australia
1 month, 3 weeks ago

The fallout of Trump's tariffs hits financial markets as ASX dives. Here's what it means for Australia

ABC  

Tariffs imposed by US President Donald Trump may not be a surprise, but they have certainly caused a shock on financial markets. "But central banks still cutting rates with the RBA joining in, prospects for stronger growth later in the year supporting profits, and Trump's policies ultimately supporting US shares, should still mean okay investment returns," Dr Oliver said. "The …

Why is the Australian dollar falling and what could it mean for you?
2 months, 1 week ago

Why is the Australian dollar falling and what could it mean for you?

ABC  

The Australian dollar is around its lowest level since 2020 against the US currency, continuing its move towards 61 US cents with a sharp fall over the weekend. "While the strong US dollar has left no prisoners, the Aussie softness has been exacerbated by tariff angst, fears over economic growth in China and the repricing in domestic interest rate expectations," …

Aussie Dollar Traders Ramp Up Bearish Bets With 2022 Low in View
2 months, 2 weeks ago

Aussie Dollar Traders Ramp Up Bearish Bets With 2022 Low in View

Live Mint  

-- Traders are increasingly positioning for the Australian dollar to fall to levels last seen in 2020 as economic data weaken and increased US tariffs look more likely. Option trading volume on the Australian dollar versus the greenback on Wednesday surged to the highest in three weeks as the pair hovered not far above 0.6170, its 2022 low, according to …

Interest rates, exporters and Reserve Bank intervention: There's a lot at stake as the Australian dollar weakens
2 months, 3 weeks ago

Interest rates, exporters and Reserve Bank intervention: There's a lot at stake as the Australian dollar weakens

ABC  

Is the Reserve Bank close to stepping into the currency market to support the Australian dollar and, if so, what does this mean for millions of Australians? Reserve Bank can intervene to support the dollar The Reserve Bank last intervened in the foreign exchange market in 2007-08 during the global financial crisis, when it bought Australian dollars. "This was in …

Dollar eases in cautious start to 2025; yen lingers at five-month lows
Trending News
2 months, 3 weeks ago

Dollar eases in cautious start to 2025; yen lingers at five-month lows

Live Mint  

By Ankur Banerjee SINGAPORE - The U.S. dollar wobbled at the start of 2025 trade on Thursday after a strong year of gain against most currencies, with the yen anchored near its lowest level in more than five months as investors ponder U.S. interest rates staying higher for longer. A wide interest rate difference between the U.S. and other economies …

Australian dollar now at risk of plummeting to pandemic-era lows, analysts say
2 months, 3 weeks ago

Australian dollar now at risk of plummeting to pandemic-era lows, analysts say

ABC  

The Australian dollar has fallen sharply, hitting a multi-year low of 61.88 US cents — a level not seen since October, 2022. "The problem with the Australian dollar appears to be that there was a real wobble in the Chinese currency into New Year's Eve," InTouch Capital Markets senior FX analyst Sean Callow said. The US dollar has performed strongly …

RBA Is More Confident on CPI, But Too Early to Declare Victory
3 months ago

RBA Is More Confident on CPI, But Too Early to Declare Victory

Live Mint  

-- Australia’s central bank is more confident that inflation is moving sustainably toward target but it’s still too soon to conclude the battle is won given a recent pick-up in consumption and a still-tight labor market, minutes of the December meeting showed. The Reserve Bank’s board discussed scenarios in which future policy would be eased to boost economic growth or …

Dollar firms as US rates outlook dominates
3 months ago

Dollar firms as US rates outlook dominates

Live Mint  

By Rae Wee SINGORE, - The dollar was on the front foot on Tuesday as the prospect of higher-for-longer U.S. interest rates remained top of investors' minds, leaving other currencies struggling near milestone lows. The Bank of Japan last week kept rates on hold and stayed vague on when it could next raise rates, an outcome which was in stark …

The Australian dollar could be heading to a 20-year low, on risks of China, Trump and slow growth
3 months ago

The Australian dollar could be heading to a 20-year low, on risks of China, Trump and slow growth

ABC  

You wouldn't be an economics forecaster for quids. A weak Chinese economy, American threats to impose punishing trade tariffs, a poor medium-to-longer-term outlook for our key exports and a sluggish economy are likely to keep the Australian dollar under pressure through 2025, threatening to send it into the 50 US cents. The upside of heading down The Australian dollar is …

Share market rises after a rally on Wall Street, Australian dollar remains at two-year low — as it happened
3 months ago

Share market rises after a rally on Wall Street, Australian dollar remains at two-year low — as it happened

ABC  

OK, so a lot of this discussion is couched in coded messages. They noted that the data received since the previous meeting had not been sufficient to shift the central forecast for inflation or the labour market materially at this stage." "Relative to this central path, members judged that the risk that inflation returns to target more slowly than forecast …

NZ recession and Federal Reserve rate cut sink Aussie dollar but show the RBA dodged a bullet
3 months ago

NZ recession and Federal Reserve rate cut sink Aussie dollar but show the RBA dodged a bullet

ABC  

If you're looking for a last-minute overseas summer getaway, New Zealand is looking increasingly attractive. On the monetary policy front, the Reserve Bank of New Zealand started lifting its cash rate from COVID-19 lows of 0.25 per cent in October 2021 — a full seven months before Australia's Reserve Bank. Why a Fed rate cut sent the US dollar soaring …

The RBA is preparing for all economic scenarios, including an interest rate hike
3 months, 1 week ago

The RBA is preparing for all economic scenarios, including an interest rate hike

ABC  

The Reserve Bank may have dropped the phrase "not ruling anything in or out" in its interest rates commentary, but that does not mean an interest rate hike is completely out of the question. That is because, as Dr Hunter explained, it would mean the RBA's key policy goal of achieving its mid-point annual inflation target of 2.5 per cent …

Australia's unemployment rate falls to 3.9pc in November, its lowest level since March
3 months, 1 week ago

Australia's unemployment rate falls to 3.9pc in November, its lowest level since March

ABC  

Australia's unemployment rate fell to 3.9 per cent in November, down from 4.1 per cent in October. "The only downside to Australia's remarkably strong job market is that any hope of a near-term interest rate cut is over," said Callam Pickering, APAC economist at global job site Indeed. "Today's blockbuster November employment report seemingly pushes back — yet again — …

Major blow for Aussies just before Christmas as Reserve Bank makes interest rate decision
3 months, 2 weeks ago

Major blow for Aussies just before Christmas as Reserve Bank makes interest rate decision

Daily Mail  

Australian home borrowers have been dealt a severe blow just before Christmas with the Reserve Bank denying them a rate cut. Governor Michele Bullock gave a strong hint rate cuts could be months away with inflation still too high, ahead of an election next year. Australian home borrowers have been dealt a severe blow just before Christmas with the Reserve …

The brutal reality of life under Anthony Albanese as economy grows at weakest pace in more than three decades
3 months, 3 weeks ago

The brutal reality of life under Anthony Albanese as economy grows at weakest pace in more than three decades

Daily Mail  

Australia's economy is barely growing despite record-high levels of immigration and government spending, as the country enters its longest-ever per capita recession. Australia's economy is still barely growing despite record-high immigration levels The Australian Bureau of Statistics data showed GDP per capita shrank by 1.5 per cent over the year, continuing a per capita recession that began in early 2023 …

Why the bout between the Reserve Bank and the federal government is about to heat up
3 months, 3 weeks ago

Why the bout between the Reserve Bank and the federal government is about to heat up

ABC  

There's an old adage that oppositions don't win elections, governments lose them. RBA Governor Michele Bullock says Australia's strategy of reducing inflation without stoking too much unemployment is part of the reason why it looks different to peer economies right now. RBA unlikely to react to October inflation data Photo shows Household money pic Australia's inflation rate remained steady in …

RBA unlikely to lower interest rates in 2024 despite inflation at its lowest level since July 2021
3 months, 3 weeks ago

RBA unlikely to lower interest rates in 2024 despite inflation at its lowest level since July 2021

ABC  

Australia's inflation rate remained steady in October, with analysts tipping this price data won't change the Reserve Bank's mind to hold interest rates at their highest level in about a decade until at least early 2025. The inflation rate held at 2.1 per cent annually, with the rising price of food, alcohol, cigarettes and recreational activities keeping it up, while …

Why Australia is lagging the pack on rate cuts
4 months, 1 week ago

Why Australia is lagging the pack on rate cuts

ABC  

At last, some good news. Despite core inflation still sitting well above target, there's a better than even chance the official cash rate will be cut within weeks. But when it came to the all-important core inflation measure, America's came in at 3.3 per cent, again just a couple of points below us at 3.5 per cent. Immediately after the …

Big hint Anthony Albanese is responsible for you missing out on a rate cut - with Australia's most powerful banker blaming government spending for inflation
4 months, 2 weeks ago

Big hint Anthony Albanese is responsible for you missing out on a rate cut - with Australia's most powerful banker blaming government spending for inflation

Daily Mail  

Australia's most powerful banker has given a strong hint that excessive government spending is to blame for high inflation, ruling out rate cuts until 2025. Australia's most powerful banker has given a strong hint excessive government spending is to blame for high inflation - and therefore no rate cuts While headline inflation has fallen to a three-and-a-half year low of …

Sharply rising bond rates could stem Wall Street's 'relief rally' and push interest rate cuts further into the future
4 months, 2 weeks ago

Sharply rising bond rates could stem Wall Street's 'relief rally' and push interest rate cuts further into the future

ABC  

The apparent roar of approval was almost deafening. It's a world that, down the track, promises a return of inflation and permanently higher interest rates as America shifts to a more protectionist global stance that punishes China and, by extension, hurts Australia. Since mid-September, US money markets almost inexplicably have begun forecasting a rise in interest rates. The bond is …

Interest rates might fall in February … but don't bet the house on it
4 months, 2 weeks ago

Interest rates might fall in February … but don't bet the house on it

ABC  

It's the hope that kills you. Rate cuts may not come until autumn, if they come at all Now even a February rate cut is looking unlikely, according to the money markets, which are pricing just 20 per cent chance of a cut, despite all four big banks and many other local economists forecasting it. Markets are pricing in a …

Reserve Bank keeps interest rates at 4.35pc for eighth-straight meeting despite lower inflation
4 months, 2 weeks ago

Reserve Bank keeps interest rates at 4.35pc for eighth-straight meeting despite lower inflation

ABC  

The Reserve Bank of Australia has kept interest rates on hold at 4.35 per cent for its eighth-straight meeting, despite inflation falling to its lowest level in almost four years. In a statement, the RBA said while inflation has "fallen substantially" since it peaked in 2022, underlying inflation remained too high at 3.5 per cent in the September quarter. The …

The cheapest home loan interest rate in Australia as banks slash rates
5 months, 3 weeks ago

The cheapest home loan interest rate in Australia as banks slash rates

Daily Mail  

Australian borrowers tempted by lower fixed rate mortgages should not jump in too soon, amid predictions of even better deals on offer in 2025. Macquarie Bank on Thursday slashed its two and three-year fixed rates by 20 basis points to 5.39 per cent - now Australia's lowest mortgage rate outside of a green loan. But their lowest fixed rates are …

No RBA rate cut yet, but Governor Bullock is about to find the pressure overwhelming
6 months ago

No RBA rate cut yet, but Governor Bullock is about to find the pressure overwhelming

ABC  

Who'd want to be Reserve Bank Governor Michele Bullock? Reserve Bank keeps interest rates on hold at 4.35pc Photo shows Reserve Bank of Australia generic The RBA has kept interest rates on hold at 4.35 per cent, saying inflation is still too high to start cutting rates. The Reserve Bank board has decided to keep the cash rate steady at …

These numbers are the clues to the Reserve Bank's puzzle: when will interest rates go down?
6 months ago

These numbers are the clues to the Reserve Bank's puzzle: when will interest rates go down?

ABC  

Perhaps no question matters more to Australians worn down by three years of relentless cost pressures: when will the Reserve Bank cut interest rates? But not too much – which is why when inflation shoots high, the Reserve Bank raises interest rates to suppress demand by making it more expensive to borrow and spend. But the Reserve Bank prefers a …

How the US Federal Reserve rate cut could impact the race for the White House between Harris and Trump
6 months ago

How the US Federal Reserve rate cut could impact the race for the White House between Harris and Trump

ABC  

The US Federal Reserve has cut rates in a dramatic move that will have a major impact on the American economy and could help determine who occupies the White House for the next four years. By cutting rates by half a per cent, the Fed has signalled it thinks the battle against the high inflation that has plagued the US …

Why is the US cutting interest rates? What does it mean for Australia?
6 months, 1 week ago

Why is the US cutting interest rates? What does it mean for Australia?

ABC  

The US Federal Reserve has cut interest rates overnight in an important move for the global economy. Economists predicted the Fed would want to start cutting rates before inflation hits 2 per cent because there's a long lag time between interest rate movements and their effect on the economy. It means the Reserve Bank's cash rate target, which sits at …

Why the Reserve Bank will be forced to cut rates before year's end
6 months, 2 weeks ago

Why the Reserve Bank will be forced to cut rates before year's end

ABC  

Until just a few weeks ago, it seemed as though the developed world had pulled off what once was thought to be the impossible. And yet, despite this mounting evidence of a critical economic slump, there remains a rump of high-profile economists openly criticising the Reserve Bank of Australia's reluctance to push interest rates above 5 per cent. Parliament House …

The RBA is making confusion about inflation and the cost of living even worse
6 months, 3 weeks ago

The RBA is making confusion about inflation and the cost of living even worse

ABC  

There's a paradox about the way we respond to threats to the cost of living. At the same time, when the cost of living climbs enough to push inflation beyond the Reserve Bank's target, the bank pushes up interest rates in an attempt to drive measured inflation down. Sharp interest rate increases are a problem The response of the Reserve …

The US is about to start cutting interest rates, so expect Australia to follow
6 months, 3 weeks ago

The US is about to start cutting interest rates, so expect Australia to follow

ABC  

Just three weeks ago, Reserve Bank Governor Michele Bullock declared interest rate cuts unlikely in the next six months. But if there was any doubt about what's going to happen to global interest rates, the US Federal Reserve chair Jerome Powell removed it on Saturday. Rate cuts by the US Fed and other central banks will create a near-irresistible pressure …

RBA Governor delivers another blow to Aussies with a mortgage - and why you shouldn't expect rate cuts anytime soon
7 months, 2 weeks ago

RBA Governor delivers another blow to Aussies with a mortgage - and why you shouldn't expect rate cuts anytime soon

Daily Mail  

Australia's most powerful banker has aggressively scotched expectations of rate cuts by Christmas - despite global concerns about an American recession and weak local economic activity. In the media conference afterwards, Governor Michele Bullock stressed a rate cut wasn't happening soon - despite the Reserve Bank statement emphasing the risk of an economic slowdown and weaker gross domestic product 'Given …

Australian stockmarket sheds more than $100 billion in biggest fall since the lockdown era. Here's why
7 months, 2 weeks ago

Australian stockmarket sheds more than $100 billion in biggest fall since the lockdown era. Here's why

ABC  

Australian stocks have closed down 3.7 per cent on Monday, wiping more than $100 billion from the stock market. That uncertainty was too much for financial markets to bear, and stock markets across the world, including in Australia, "crashed" — down 20 per cent or more. It reached a point late last week that financial markets were convinced the US …

When will interest rates go down? Here's what you need to know ahead of the RBA meeting
7 months, 3 weeks ago

When will interest rates go down? Here's what you need to know ahead of the RBA meeting

ABC  

Anyone with a home loan right now is likely to be feeling the pressure from the rising cost of living and will be hoping their interest rates will go down. But when the RBA changes the cash rate target, interest rates for mortgages don't automatically change. If the RBA decides to change the cash rate, ABC News will publish a …

PETER VAN ONSELEN: Jim Chalmers' excuses for Australia's inflation crisis spectacularly unravel - with two key stats easily blowing apart the garbage Treasurer is peddling
7 months, 3 weeks ago

PETER VAN ONSELEN: Jim Chalmers' excuses for Australia's inflation crisis spectacularly unravel - with two key stats easily blowing apart the garbage Treasurer is peddling

Daily Mail  

Treasurer Jim Chalmers wants you to believe that rising inflation isn't his fault. Under pressure: Jim Chalmers' excuses for Australia's 'sticky' inflation crisis are unravelling He wants you to focus on the fact inflation is lower now than when Labor came to power. In other words Australia's rising inflation - a quarterly adjusted figure of 3.8 per cent - is …

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