Inflation rises: Is a Melbourne Cup Day rate hike next?

Australia's inflation rate has climbed to 4.3 per cent, raising the prospect of another RBA rate rise. What does it mean for interest rates and investors?<br /><br />Australia's annual inflation has risen to 4.3 per cent, fuelling speculation about another RBA rate rise on Melbourne Cup Day. Economist Warren Hogan examines what's driving price pressures, while portfolio manager Jun Bei Lui discusses the market reaction, renewed confidence in AI and Star Entertainment's $260 million fine.<br><br><br><b>In this episode</b><br><br><ul><li>What's driving Australia's inflation surge, and can another rate rise bring it under control?</li><li>Could the RBA lift interest rates on Melbourne Cup Day?</li><li>How investors are responding to inflation and renewed confidence in AI.</li><li>What Star Entertainment's $260 million fine means for its future.</li></ul>SBS On the Money is a daily finance podcast where SBS Finance Editor Ricardo Gonçalves unpacks the ASX, the economy and the latest market moves with leading analysts and executives.<br><br><br><br>Listen to more episodes of <u>SBS On the Money</u>, and follow the show on the <u>SBS Audio app</u>, <u>Apple Podcasts</u>, <u>Spotify</u> or wherever you get your podcasts.<br><br><br><br>For the latest news from Australia and around the world, visit <u>SBS News</u> and follow us on <u>YouTube</u>, <u>TikTok</u>, <u>Instagram</u>, <u>Facebook</u> and <u>X</u>.