RBA interest rate decision looms amid inflation concerns

The Reserve Bank of Australia is set to announce its final interest rate decision for the year, with experts predicting the official cash rate will remain at 3.6%. Inflation has risen above the RBA's target range over the past four months, reaching 3.8% headline and 3.3% underlying, causing concern among policymakers. While some economists predict potential rate hikes as early as February 2025, others believe the bank will maintain current rates through next year.

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