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Inflation Puts Rate Hike on Table in Australia During Election

  • Core CPI seen breaching top of band for first time since 2010
  • RBA’s May meeting comes day before Fed convenes to decide hike
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Australia’s core inflation is expected to breach the upper end of the Reserve bank’s 2-3% target for the first time since 2010, intensifying pressure on policy makers to raise interest rates during an election campaign.