I posted earlier on the Australian inflation data due today here:Economic calendar in Asia Wednesday, 24 April 2024 - Australian inflation dataVia Commonwealth Bank of Australia, key points from their preview:We expect headline CPI rose by 0.7%/qtr and trimmed me an CPI increased by 0.8%/qtr. That should see the annual rates for both head lower (3.4% and 3.7% respectively) , and closer to the RBA’s 2 - 3% inflation target. While still too high, the pace of disinflation will give the RBA more confidence that the next move in rates will be down.***The Reserve Bank of Australia next meet on May 6 and 7. The data today will feed into fresh RBA forecasts to be included in the May Statement o
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