CPI & Interest Rates
Posted
@ Nov 1st 2005 1:07pm
- By GCPN Property Network
As was widely anticipated, the Reserve Bank this week maintained its neutral position on interest rates, even though inflation rose in the September quarter and energy prices remain high.
Inflation figures released this week for the September quarter showed a 0.9 per cent increase in headline CPI, taking the annual rate from 2.5 per cent to 3.0 per cent, at the top of but not above the RBA's target band.
Annual growth for CPI ex volatile items, the more relevant of the two measures, inched up from 2.3 per cent to 2.4 per cent and hence remained well below the top of the target band
.