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Economics
Central Banks

Australia Set to Push Rates to 10-Year High as Prices Spiral

  • Policymakers weigh jump in core prices vs cooler retail, jobs
  • Lowe had rare chance to observe Fed before RBA’s rate meeting
A pedestrian walks past the Sydney Opera House in Sydney, Australia.

A pedestrian walks past the Sydney Opera House in Sydney, Australia.

Photographer: Brendon Thorne/Bloomberg
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Australia’s central bank is all but certain to increase interest rates at its first meeting of the year, with some observers pointing to the risk of a resumption of outsized moves to counter a surprising surge in inflation.

Most economists and traders see the Reserve Bank lifting its cash rate by a quarter-point on Tuesday to 3.35%, the highest level since September 2012.