Rates will rise if inflation is too high

The board of the Reserve Bank of Australia (RBA) will meet in early February and may raise interest rates if it decides that inflation is too high. Falling petrol and fruit prices are expected to help moderate the consumer price index (CPI) figure for the December 2006 quarter, due for release on Wednesday. The RBA will look closely at this data as well as taking all other economic aspects into consideration before making its final decision.