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Australian CPI data due today, preview - RBA will be comforted, no rate hike next week

Australian CPI data due today, preview - RBA will be comforted, no rate hike next week
ANZ's preview of the data due today and the implications for the Reserve Bank of Australia policy meeting on August 1:We expect both headline (+6.2% YoY) and trimmed mean inflation (+5.9% YoY) to have moderated in Q2. The RBA will likely take comfort that inflation appears to be falling in line with, or a touch faster than, its May forecasts. The RBA forecast Q2 headline inflation of 6.3% YoY and trimmed mean of 6.0%, each 0.1ppt above our forecast. While the August meeting is live, an inflation... Read More
Posted: Jul 26 2023, 00:29
Author Name: forexlive
Views: 092079

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