No change is expected from the Reserve Bank when the Official Cash Rate figure is released this morning, despite officials staring at creeping inflation pressure.
Inflation has been increasing on the back of a growth in economic activity.
Dominick Stephens of Westpac says inflation is only just within comfortable margins, but it’s likely to reduce back in the next few months.
Mr Stephens expects the Reserve Bank to raise the Official Cash Rate in December or earlier.
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