Economic calendar in Asia Tuesday, 2 July 2024 - RBA June meeting minutes ...Middle East

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Economic calendar in Asia Tuesday, 2 July 2024 - RBA June meeting minutes
Inflation in Australia is, at best, steady and sticky. But, there are indications that its climbing again; last week's (admittedly partial) CPI data:4.1% vs 3.8% priorAnd, a response:The surprising uptick in inflation, coupled with fiscal stimulus measures and the RBA's current policy bias, strengthens the caseYesterday was more (partial) inflation data:Australian private survey of inflation, June 2024: +0.3% m/m (prior +0.3%)Inflation rising is not a done deal, but its not gone away either. The RBA only discussed a rate hike and a hold at the June meeting:RBA leaves cash rate unchanged at 4.35%, as expectedRBA's Bullock: We did not consider the case for a rate cut todayRBA's Bullock: We nee

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