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Australian July inflation data 4.9% y/y (vs. 5.2% expected)
A nice surprise for the monthly inflation data point. While it was always likely that the Reserve Bank of Australia will be paying more attention to the quarterly CPI reading due just ahead of its November policy meeting this sign of slower inflation will be welcome and concretes in an 'on hold' RBA decision at the upcoming meeting on September 5.--Background to this:RBA’s own staff could be signalling low faith in durably hitting the Bank's CPI targetPreview of Australian July inflation data du...
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Posted: Aug 30 2023, 01:30
Author Name: forexlive
Views: 112530