Australian Q3 inflation headline 2.8% y/y (expected 2.9%) ...Middle East

Inflation data from Australia for the July - September quarter and for September month. 2.8% y/y headline, below the top of the RBA target band of 2 - 3%. Trimmed means is a core measure, comes in at 3.5% y/y The other measure of core inflation is 'weighted median':0.9% q/qexpected 0.8%, prior 0.8%3.8% y/yexpected 3.6%, prior 4.1%The Reserve Bank of Australia meet again on November 4 and 5. There will be no rate cut at this meeting given these numbers. There is a final meeting on December 9 -10 and I'd suggest no cut then either. February remains a top choice among analysts.*************** This article was written by Eamonn Sheridan at www.forexlive.com.

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Last updated : 30 October 2024 clock 03:40 AM

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Australian Q3 inflation headline 2.8% y/y (expected 2.9%) ...Middle East

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