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| Name | Inflation figures pile pressure on Reserve Bank to raise cash rate | ABC News |
| Video Uploader | Video From ABC News (Australia) |
| Upload Date | This Video Uploaded At 27-06-2024 05:15:10 |
| Video Discription | A higher than expected inflation number has raised the likelihood of the Reserve Bank hiking interest rates in August, as the central bank struggles to rein in spending. Subscribe: http://ab.co/1svxLVE Chief Business Reporter Ian Verrender says goods inflation is under control, but services inflation – rent, health, insurance – remains stubbornly high. ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook: http://facebook.com/abcnews.au Follow ABC News on Instagram: http://instagram.com/abcnews_au Follow ABC News on X (Twitter): http://twitter.com/abcnews Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia [n9DQi40itZ8] |
| Category | News & Politics |
| Tags | Australia | abc | abc news | news | inflation | interest rate | interest | rate | interest rates | rates | rate rise | cash rate | reserve bank | rba | central bank | bank rates | mortgage | cpi | consumer price | goods inflation | services inflation | ian verrender | verrender | spending | consumer spending |
