Will there be another interest rise?

Soaring food and fuel prices and interest rates have forced house hold grocery spending to be cut, the biggest cut in 20 years. Declining retail sales and softening property purchases, weaker credit growth is evidence of demand growth slowing under pressure from the tightest financial conditions in more than a decade. This evidence may be sufficient for the Reserve Bank of Australia Board to leave interest rates on hold. Food prices have soared by 12% in 2 years. The hospitality industry has been hardest hit with sales plunging by almost 6%.