Inflation falls to 3.5 per cent, what does it mean for interest rates? | ABC NEWS
Australia’s inflation has dropped to 3.5 per cent in the year to July, from 3.8 per cent. Despite a “step in the right direction”, the numbers are above what markets and economists were forecasting at 3.3 per cent.
Economist My Bui says the Reserve Bank would be “worried” at the figures, with the numbers still above RBA’s target of under 3 per cent.
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