Mr. Glenn Stevens, the Governor or Reserve Bank of Australia, announced today that the Bank is to raise the interest rates by 25 basis points at some stage, as the inflation rates are likely to rise more than expected during the next period, pushed the nation's currency (Aussie) to incline against the majors.

Moreover, the Reserve Bank of Australian noted that the July CPI reading will be an important date for Australian policy makers, while the effects that caused by natural disasters, are declining.