AI Is Now Pushing Up Inflation in Australia, and the RBA Just Hiked Rates Again

TLDR The Reserve Bank of Australia raised its cash rate by 25 basis points to 4.85%. Rates in Australia are now at their highest level in 18 years. The board voted 6-3, with three members wanting to hold at 4.60%. AI investment and higher fuel prices are pushing up inflation. Inflation is not expected to [...]

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