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By Robert Carry

The Reserve Bank of Australia (RBA) may raise the interest rate by as much as half a percentage point due to a higher than expected inflation rate, experts believe.

The September quarter consumer price index (CPI) report, set for release on Wednesday, is due to be discussed at the upcoming RBA on 3 November. According to The Australian, the CPI is expected to have risen by 0.9% in the September quarter to take the annual figure to 1.2%.

If the rate is on par with predictions, the RBA could raise the interest rate by as much as 50 basis points.


It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan