Next inflation print could be ‘uncomfortably high’ for the RBA

Commonwealth Bank Head of Economics Garth Aird discusses the RBA’s decision to hold the cash rate at 4.35. “The labour market is still pretty tight and inflation is still elevated,” Mr Aird told Sky News host Ross Greenwood. “That is why the Reserve Bank yesterday was talking a lot about uncertainty, we think at the bank the next move is down, we’ve still got it pencilled in for November, but there is a real risk in the near term that the next inflation print is uncomfortable high for the Reserve Bank.”