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Australia's monthly CPI data - slowing rate of inflation is an "encouraging development"

Australian July inflation data was published yesterday, dropping well under the median estimate:Australian July inflation data 4.9% y/y (vs. 5.2% expected)ING on the result:The headline inflation rate has now fallen below 5% which will encourage thoughts that the RBA tightening cycle has peaked - though progress over the next few months will be harder. Our final 25bp rate hike call for 4Q23 is hanging by a threadANZ:The monthly Consumer Price Index (CPI) indicator for July 2023 was below the mar... Read More

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Content Topics

Australia

Monthly

Data

Slowing

Rate

Inflation

Encouraging

Australia s

encouraging

Development

Forex

Posted: Aug 30 2023, 21:01

Author Name: forexlive

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