From the moment the CPI figures were released two weeks ago, the general consensus of economists around the country was that the RBA would raise rates. And on Tuesday so it did, even if its reasons suggest it should not have.
In September, annual inflation fell from 6.0% to 5.4%. But the RBA talked itself into worrying about the one quarter of inflation in September that went up by 1.2% rather than the expected 0.9%.
