The inflation number that could trigger an interest rate rise
The Reserve Bank of Australia will struggle to justify keeping the cash rate on hold if highly anticipated consumer price index figures next week show underlying inflation stuck above 4 per cent, economists say.
Analysts say the outcome of the June quarter consumer price index, to be released on July 31, will determine whether the RBA board is forced to raise the cash rate from 4.35 per cent to 4.6 per cent on August 6.
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