Australia’s mortgage holders have another nervous wait ahead of them as the country’s inflation rate accelerated in the June quarter but a core measure eased, giving hope the Reserve Bank (RBA) will hold off hiking its interest rate again.
The consumer price index rose to 3.8% in the June quarter from a year earlier, the Australian Bureau of Statistics said on Wednesday. That result was consistent with economists’ forecast of 3.8% and was up slightly on the March quarter rate of 3.6%.
