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Hotter-than-expected inflation piles pressure on RBA to raise rates

The Australian Financial Review (AFR) •
October 28, 2026 • 12:45 AM
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The underlying rate accelerated to 3.7 per cent in the September quarter, higher than both the market’s and the central bank’s forecasts.

Hotter-than-expected inflation piles pressure on RBA to raise rates

The Reserve Bank of Australia faces renewed pressure to consider lifting interest rates after inflation came in hotter than expected in the September quarter, dealing a fresh blow to the Albanese government’s cost of living pitch to voters.

Trimmed mean inflation – the RBA’s preferred measure of underlying inflation – increased to 3.7 per cent in September from 3.6 per cent in June, the Australian Bureau of Statistics said on Wednesday.

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CNBC World
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CNN International
3d ago
Bond yields surge most in 19 months as traders brace for Fed rate hikes | CNN Business

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US Treasuries slumped, pushing yields sharply higher, after hotter-than-expected inflation data and comments from a key Federal Reserve official fueled bets that the central bank would need to deliver more aggressive interest rate hikes to cool inflation.

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The Age
3d ago
ASX set to fall as Wall Street slumps on inflation report; Anthropic targets $2 trillion valuation

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Sydney Morning Herald (SMH)
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The Guardian
2d ago
Bank of England’s inflation response ‘risks higher interest rates for longer’

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