The SMH today says "a rise in interest rates next week is a virtual certainty". CPI rose 0.5% nationally (0.6% in Sydney) in the last quarter 2009, mostly due to fruit, house prices, rents, beer, holiday travel and accommodation. Petrol was down, as were computers, televisions, and pharmaceuticals.
The CEO of the Australian Industry Group called on the Reserve Bank to leave rates unchanged.
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