The weaker-than-expected rise in underlying inflation suggests the RBA board has more room to breathe after already increasing this cash rate three times this year.

Markets think another rate rise this year is close to a sure thing. But given the economy’s already slowing, the RBA should sit on its hands for a while.

The weaker-than-expected rise in underlying inflation suggests the RBA board has more room to breathe after already increasing this cash rate three times this year.