Reserve Bank facing election rate rise after biggest inflation growth in 22 years - Sydney Morning Herald

Financial markets now believe the RBA will lift the official cash rate to 0.25 per cent next week after inflation rose to 5.1 per cent in March - its biggest increase since 2000.

This inflation number should be a wake-up call for a government which is out of touch, out of plans, and out of time, he said. EY chief economist Cherelle Murphy said there was enough evidence for R… [+3275 chars]

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