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Australia data shows "broad-based inflation pressures" & wage growth ahead of RBA forecast

Australia data shows

If you are looking for the Reserve Bank of Australia to stop hiking the cash rate you are going to be disappointed.

This take on yesterday's data from National Australia Bank analysts is strongly suggestive of more to come from the RBA:

  • Australian GDP data yesterday rose 0.6% q/q and 5.9% y/y, slightly below consensus for a 0.7% gain.
  • The detail confirmed strong activity and broad-based inflation pressures in the third quarter with growth in the quarter led by house... Read More
Posted: Dec 7 2022, 22:21
Author Name: forexlive
Views: 102250

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