Australian Economy Australian interest rates

Aussie interest rate expectations rocket

Sunday 30 August 2026

Last week’s economic data shook Australia’s interest rate markets.

To recap, the policy-relevant trimmed mean inflation printed at 3.6% in the year to July, above forecasts of 3.5%. The monthly and quarterly pace of trimmed mean inflation also accelerated.

Trimmed mean inflation monthly and quarterly

Chart from Justin Fabo at Antipodean Macro

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.