Rising inflation a potential catch-22 for RBA

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The underlying acceleration rate has risen to 2.5 per cent – aloft than economists and financial markets were expecting. And there’s justification a cost of vital continues to rise. Traders are now pricing-in reduction of a possibility a Reserve Bank will cut seductiveness rates when it meets on Melbourne Cup Day.

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BRENDAN TREMBATH: The burst in acceleration took economists by warn and changed financial markets. The Australian dollar rose immediately after a total were released.

Traders now consider there’s reduction of a possibility a Reserve Bank will cut seductiveness rates when it meets on Melbourne Cup Day.

Here’s financial contributor David Taylor.

DAVID TAYLOR: Australians know all too good a cost of vital has been rising. Today a tough contribution were revealed. Some of a cost rises in a bureau’s

Read full article: http://uk.reuters.com/article/2012/10/20/uk-britain-unions-march-idUKBRE89I0HL20121020

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Source:
http://www.news.ezonearticle.com/2012/10/24/rising-inflation-a-potential-catch-22-for-rba/