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Inflation uptick increases risk of another RBA interest rate rise, economists say

First Reserve Bank meeting under new governor Michele Bullock has the potential to surprise after CPI spike

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Australia’s inflation rate has picked up again, increasing the risk households will need to endure yet another rate rise before Christmas.

While most traders and economists expect the Reserve Bank board will keep the official cash rate steady at 4.1% when they gather on Tuesday, that outcome is not set in stone and the meeting has the potential to surprise.

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