RBA deputy warns inflation is worse than forecast, putting a November rate hike in play

Reserve Bank of Australia Deputy Governor Andrew Hauser warns that domestic inflation is proving materially worse than projected, heightening prospects of a cash rate increase at the November board meeting amid conflicting economic pressures. Also in this briefing: a multi-state storm front bears down on Brisbane and Sydney after destructive flash flooding in south-east Queensland; Premier Chris Minns prepares emergency legislation to override a High Court ruling against the Mount Pleasant coal mine expansion; an update on Senate tax negotiations; and Citizen Lab reveals that online ad networks served zero-click spyware to Australian nuclear research infrastructure.

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Show notes

Unexpected demand from artificial intelligence data centres is driving up Australian domestic inflation pressures.

Financial markets see a fifty-six per cent chance of an official interest rate hike in November.

Severe storms dropped over two hundred and fifty millimetres of rain, forcing swift-water rescues across Queensland.

New South Wales proposed legislation to bypass a High Court ruling against expanding the Mount Pleasant coal mine.

Malicious online ads served zero-click spyware directly to Australian nuclear and synchrotron research facilities.

In this episode
  1. 01Intro1 min
  2. 02RBA deputy warns inflation is worse than forecast: The Warning and Economic Drivers3 min
  3. 03RBA deputy warns inflation is worse than forecast: Market Fallout and Stakes2 min
  4. 04New storm front threatens Sydney and Brisbane after flash floods hit south-east Queensland1 min
  5. 05Minns to legislate around High Court ruling so Mount Pleasant mine can expand1 min
  6. 06Where things stand1 min
  7. 07Spyware served through online ads targeted Australia's nuclear science agency2 min
  8. 08Outro1 min
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RBA deputy warns inflation is worse than forecast, putting a November rate hike in play — Fylom