Australia news live: inflation eases less than expected, making rate rise likelier; NT MP Luke Gosling stands aside as envoy

Inflation in Australia has eased less than expected, which could lead to a higher likelihood of a rate rise by the central bank. This means that interest rates may increase to control inflation and keep the economy stable, potentially affecting borrowing costs and consumer spending. The impact on markets and trade could be significant, as a rate rise may make borrowing more expensive and reduce consumer demand.

Why it matters

Inflation is not easing as expected, which could lead to higher interest rates. This could affect consumer spending and economic growth.

Market impact

Markets & countries in focus

Transmission channels

Likely winners & losers

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MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to The Guardian. For information only — not financial advice.