The future of interest rates just got clearer

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We’ve had 13 punishing interest rate rises that were supposed to quickly kill off inflation.

While price rises are not nearly as bad as they were a year or two ago, the main measure of annual inflation has ticked up again.

It’s key information to help the Reserve Bank board decide what to do about interest rates when it meets next week.

Despite inflation being ‘sticky’, it’s a long way off its peak. So, is the result good enough for rates to remain on hold?

Today, economist Cassandra Winzar with her verdict on rates and a forecast on when things will start getting easier.

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Cassandra Winzar, chief economist, Committee for Economic Development of Australia

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