Another Aussie hike likely as inflation climbs

The Reserve Bank of Australia could well raise rates again after the latest edition of the central bank's monetary policy statement revealed inflation was set to reach 3.25% in the fourth quarter of 2007.

Rates are already at an 11-year high of 6.75%.

"The Reserve Bank's forecasts have for some time incorporated the view that there was likely to be upward pressure on inflation as a result of strong demand and tight capacity," the central bank said. "The September quarter CPI [which revealed t

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