The jump in inflation this week spooked many economists into predicting that the Reserve Bank of Australia would be forced to hand mortgage holders their first interest rate increase in more than two years.
With inflation remaining well above the central bank’s target range and the unemployment rate at a low 4.1 per cent, major indicators point to RBA governor Michele Bullock’s need to put the brakes on economic growth on Tuesday.
Source: https://www.afr.com/policy/economy/5-reasons-the-rba-could-keep-rates-on-hold-20260129-p5ny2n