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Interest rates likely to rise in 2022


Interest rates could begin to rise in the coming months after inflation in the December quarter exceeded expectations. 

The Reserve Bank has been forced to rethink its economic stimulus after the Consumer Price Index rose by 1.3 per cent in December, up from a 0.8 per cent rise in the previous quarter. 

Consumer price growth for the year rose to 3.5 per cent in 2021, up from 3 per cent to September. 

The Reserve Bank, which is meeting next Tuesday, is expected to concede an interest rates rise is likely later this year. 

The RBA had previously ruled out a rise until late 2023.

Interest rates could begin to rise in the coming months after inflation in the December quarter exceeded expectations.

The Reserve Bank has been forced to rethink its economic stimulus after the Consumer Price Index rose by 1.3 per cent in December, up from a 0.8 per cent rise in the previous quarter.

Consumer price growth for the year rose to 3.5 per cent in 2021, up from 3 per cent to September.

The Reserve Bank, which is meeting next Tuesday, is expected to concede an interest rates rise is likely later this year.

The RBA had previously ruled out a rise until late 2023.Interest rates could begin to rise in the coming months after inflation in the December quarter exceeded expectations.

The Reserve Bank has been forced to rethink its economic stimulus after the Consumer Price Index rose by 1.3 per cent in December, up from a 0.8 per cent rise in the previous quarter.

Consumer price growth for the year rose to 3.5 per cent in 2021, up from 3 per cent to September.

The Reserve Bank, which is meeting next Tuesday, is expected to concede an interest rates rise is likely later this year.

The RBA had previously ruled out a rise until late 2023.

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