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RBA Data released today:
Inflation - 3%
underlying inflation - 2.8%
AUD 94.4/USD
Even after a massaged CPI inflation has hit the top of the RBA's Range. The AUD has jumped back over 94c / usd amid a belief the RBA will soon have to raise interest rates. From the AFR I read this morning Housing is likely to pullback
2.5% for the next 5-6 years. This may save the RBA from raising rates but I don't think so with offshore money pouring into Australia and into the housing market in general along with SMSF buying hollis bollis into property it is 6 to 1 half a dozen to the other that rates will rise or not????