Melbourne Cup Day Inflation Surge: No Rate Cut for Homeowners
Автор: Boundless Explorations
Загружено: 2025-10-28
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Inflation in Australia has reached a new high of 3.2% in September, dashing hopes for a rate cut on Melbourne Cup day. The Australian Bureau of Statistics data reveals a concerning rise in underlying inflation, with the Reserve Bank's trimmed mean measure climbing to 1% in the quarter, surpassing the RBA's 0.6% prediction.
RBA Governor Michele Bullock emphasizes the central bank's focus on inflation control, indicating that a quarterly underlying inflation rise of 0.9% would be a significant concern. Despite a recent unemployment rate increase, Bullock assures that the labor market remains stable.
This video explores the implications of the inflation surge and the RBA's response, offering insights into Australia's economic landscape.
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