Australian inflation data due soon - RBA rate cut speculation for February meeting ...Middle East

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Commonwealth Bank of Australia (CBA) projects that the trimmed mean CPI rose by 0.5% in Q4, reducing the annual rate to 3.2%. On a six-month annualized basis, core inflation is forecasted to have eased to 2.5%, aligning with the RBA's 2-3% target range. CBA suggests that a lower-than-expected underlying inflation figure could prompt the RBA to consider an interest rate cut in February. More here on this:

Critical Australian inflation data due - likely to tick the RBA rate cut box?

Data due at 0030 GMT, 1930 US Eastern time.

This article was written by Eamonn Sheridan at www.forexlive.com.

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