CBA have jacked up fixed rates by 1.4% in one whack!
It occurred to me is how do you get a real read on interest rates and effect? The RBA will almost certainly raise rates on Tuesday.
The
ABS usually report CPI quarterly, but we will have interest rates rises every month for a while yet.
So now the
ABS are trying to move to a monthly cut down bundle of goods instead of quarterly which is good. You don't want to go to hard with rate rises, but you don't want to be soft at the same time so monthly reports is more useful than quarterly.