Yesterday on Ricardo's Business we foreshadowed the potential for the Australian dollar to hit a record on the back of today's inflation numbers, and that's exactly what happened.
The focus returns to potential interest rate rises given a blow-out in inflation.
But given Australia's two speed economy – where there's an obvious slowdown in retail, are rate rises warranted?
Currency traders certainly think so, with the Australian dollar surging to another post-float high against the greenback on the back of the CPI numbers.
