The Australian Bureau of Statistics (ABS) has released the latest Consumer Price Index (CPI) inflation data, showing local inflation has hit 4%.

So 4% huh… Bullock will look the stooge if she does’t raise again surely. I bet Chlamers is on the blower now furiously twlling her what weasel world’s to use explain why they must not…

That has traders at Morgan Stanley nervous, who suspect the August RBA meeting could see the national interest rate hiked further – not cut.