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A stronger-than-expected inflation print for July has flipped the script on interest rates in Australia, with traders and economists starting to weigh the prospect of at least one more increase this year.
Markets were swift to react to the data on Wednesday; the Australian dollar and bond yields spiked while the sharemarket was sold off after headline inflation came in at 3.5 per cent for the year to July, well above expectations of 3.3 per cent.
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Markets flip the script on rates after hot inflation print – AFR
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