- Q2 Inflation : +1.8% Q/Q in-line with consensus, +2.2% prior.
- +6.1% Y/Y vs. +6.2% consensus, +5.1% prior.
- Core Inflation (trimmed mean): +1.5% Q/Q in-line with consensus, +1.4% prior.
- +4.9% Y/Y vs. +4.7% consensus, +3.7% prior.
- Australia's central bank has a meeting on 2nd August, with probability of 50 bps rate hike. On July 5th, RBA hiked interest rates by 50 bps to 1.35%, marking 125 basis points of hikes since May and the fastest series of moves since 1994.
- The Reserve Bank of Australia sees the current benchmark rate of 1.35 percent as being “well below” the so-called neutral rate that is neither expansionary nor contractionary, according to minutes of its July policy meeting released on Tuesday.
- Unlike other countries, Australia does not provide CPI data on monthly basis but on quarterly basis.
- The next official Q3 CPI data is in October.
- ETFs: EWA , FXA , IAF , AUSE , CROC , FAUS , EWAS , HAUD , DAUD , FLAU , UAUD
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Australia year-o-year inflation lower than forecast, plans to hike interest rates by 50 bps in August