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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