inflation

Westpac Sticks to Interest Rate Cuts


Inflation aside, Westpac (ASX:WBC) still expects interest rates to drop next adjustment.

Yesterday's inflation numbers caused economists to predict a rate hike before the end of 2011. The consumer price index rose 0.9 percent, far above the Reserve Bank's target quarterly rate. The dollar rose US1.5 cents to a record US$1.108 last night.

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