Bank’s big change after shock inflation data:
Australia’s mortgage holders are still facing an anxious wait after the release of the latest inflation figures ...
news.com.au/finance/economy/interest-rates/mortgage-holders-on-notice-as-critical-inflation-figures-released/news-story/bc4797b3448dd8704c68943041e0c015
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Inflation Dip Challenges Australia’s Interest Rate PathTrimmed mean inflation held at 3.6%, keeping RBA on edge for a potential rate hike on August 11.
Key FactsJul 29, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: news.com.au
Summary created with AI assistance · Source: news.com.au
- Headline inflation dropped to 3.8% in the year to June, slightly below May’s figure but still above the Reserve Bank’s target.
- The Reserve Bank’s preferred trimmed mean inflation rate stayed steady at 3.6%, signaling persistent price pressures.
- Economists view the data as a key turning point, yet the uncertain economy may still force the RBA to increase rates next month.
- Housing and electricity costs led inflation rises, with electricity prices up 22.4% due to the end of government rebates.
The board is prepared to act as required to achieve its mandate, including by increasing the cash rate further if needed.— Michele Bullock, RBA governor, in a speech at the Anika Foundation fundraising lunch.
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