CommSec’s Ryan Felsman claims there are a lot of “rate hike jitters” around the Australian share market following the release of the latest inflation data.
New data from the Australian Bureau of Statistics (ABS) has revealed inflation surged to 3.8 per cent in the year to December while the trimmed mean inflation lifted to 3.3 per cent.
This means the chances of the Reserve Bank of Australia lifting interest rates next week have increased.
“There’s a lot of rate hike jitters around the market at the moment on the back of that stronger than expected core inflation data yesterday,” Mr Felsman told Sky News Australia.
Presented by CommSec.
