The latest inflation figures have put off the expectation of another rate rise until early next year – unless we look for an excuse for the RBA to move earlier

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.

Despite signs that past rate hikes are working, RBA governor Michele Bullock has made clear a further increase is likely to be considered next month.