SBS On the Money: Hot inflation increases the chance of a Melbourne Cup Day rate rise
Annual inflation came in at a higher than expected 5.4 per cent with prices for services remaining at elevated levels. SBS Finance Editor Ricardo Gonçalves speaks with Barrenjoey Chief Economist Jo Masters to find out what this means for the economy and interest rates, while Joe Youssef from Aerus Asset Management goes through the market reaction and implications.
The skinny
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