Rates hike still on the table despite softer inflation
A softer-than-expected inflation result will boost the case for the Reserve Bank to hold interest rates steady, but there’s still plenty in the detail to suggest a February hike remains in play. Headline inflation slowed from 3.8 per cent to 3.4 per cent in the 12 months to November, the Australian Bureau of Statistics reported on Wednesday. That’s well below the consensus forecast of analysts, who had predicted a rise of 3.6 per cent. But following a resurgence in inflation in the second half of 2025, the first major economic snapshot of the year won’t reassure the