Wednesday, October 23, 2013

Australian inflation higher than expected, dashes rate cut hopes





Australian inflation rose more than expected in the September quarter due to a sharp spike in fuel prices, sending the local dollar to a 4-1/2 month high as markets pruned back the chances of further interest rates cut this year.









via Business feed http://www.scmp.com/business/economy/article/1337862/australian-inflation-higher-expected-dashes-rate-cut-hopes

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