Bad news mortgage holders – just when you thought interest rate hikes were out, we’ve all been pulled back into the possibility of one more. The culprit was the worse than expected March CPI data released last week which showed Australian consumer prices rose at 3.8% year-over-year based upon the RBA’s preferred trimmed mean measure. It was a decline from the December quarter’s 4.1% year-over-year print, but it was well above economists’ forecast of 3.6%. {chart} The reaction from participants in the interest rate futures market has been swift. They’re now pricing in a 40% chance the RBA will hike its official cash ... (full story)