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Australia's Inflation Bomb: Rate Hike Looms
Published 1 month ago
Description
Australias March inflation surged to 4.6%, driven by a 32% spike in petrol prices due to global oil chaos. However, core measures remained stable, and domestic pressures are easing. Economists are divided on rate hikes, but data suggests a recession is unlikely. The Reserve Bank is expected to raise rates next week, despite potential pain for households.
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