Inflation spike kills Melbourne Cup rate cut hopes | 7NEWS скачать в хорошем качестве

Inflation spike kills Melbourne Cup rate cut hopes | 7NEWS

Australia's inflation rate has risen to 3.2% headline and 3% underlying, marking the first increase in underlying inflation since 2022. Electricity prices have surged 23% over the past 12 months, driving the inflation spike and pushing the underlying rate to the top of the Reserve Bank's 2-3% target band. The Reserve Bank Board is now extremely unlikely to cut the cash rate from its current 3.6% when it meets on Melbourne Cup Day. Subscribe and set 🔔 » https://7news.link/YTSubscribe | For the latest Australian news and breaking news alerts, connect with 7NEWS online: Visit » https://7news.com.au 7Plus » https://7plus.com.au/ 7NEWS Podcast » https://open.spotify.com/user/dm9fk9h... Facebook »   / 7newsaustralia   TikTok »   / 7newsaustralia   Instagram »   / 7newsaustralia   X » https://x.com/7NewsAustralia 7NEWS combines the trusted and powerful news brands including Sunrise, The Morning Show, Spotlight and 7NEWS.com.au, delivering unique, engaging and continuous coverage on the issues that matter most to Australians. Watch 7 News Australia full broadcasts and full episodes at 6pm and weekdays at 12pm and 4pm on Channel 7 and 7plus. #BREAKINGNEWS #7NEWS