There is still a chance of another interest rate rise
AUSTRALIA’s inflation pulse is strengthening despite easing prices at the fuel bowser, potentially adding to the case for another interest rate hike. A mixed consumer price report, released by the Australian Bureau of Statistics on Wednesday, was softer and stronger than forecasters had predicted. But the most critical number – the annual trimmed mean – would give the Reserve Bank the justification it needs to raise interest rates again, KPMG chief economist Brendan Rynne said. The core inflation measure, which strips out volatile items and is more closely watched b