What if the next move in interest rates is up? Australia’s shock inflation news raises an unwelcome question

One economist warns if inflation is hotter than expected in the December quarter, the RBA could hike in February

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There’s a new and unwelcome question being kicked around in offices, cafes and kitchens: what if the next move in interest rates is up?

Two weeks ago we got news that unemployment had jumped and it seemed the Reserve Bank of Australia was a sure thing to cut rates on Melbourne Cup day.

Source: Guardian - World News