When in late November the ABS delivered its first complete monthly inflation print, it immediately triggered a dramatic repricing in interest rates and economists’ predictions for future inflation.
When the AFR polled 38 economists for their views on where interest rates were heading prior to today’s monthly inflation print, 17 out of 38 predicted that interest rates would rise at least twice in the next 18 months.
The release of the latest monthly inflation figures did little to undermine that perspective.
