Is a rate hike back on the menu for the RBA? ...Middle East

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Is a rate hike back on the menu for the RBA?
Australia weighted CPI YY 4.0% vs 3.8% expectedAUDUSD pops higher after hotter than expected CPI dataIn their latest policy decision here, the RBA continues to put out the narrative that they are not ruling anything in or out. It speaks to the uncertainty on the inflation outlook, in which they also argued that the process would not be smooth.But whatever the case is, we are continuing to see price pressures hold up in Australia. This may only be the monthly inflation numbers but they still provide some idea of how things are playing out. The quarterly report will still be the more scrutinised one but it is hard to ignore the readings from today.The main takeaway is that inflation continues

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