Inflation Data and RBA Minutes to Reveal Rates Clues
A crucial inflation reading will be the focus of a big week in economics that could rule out or keep alive the chance of more Reserve Bank rate hikes. After easing in June, inflation figures on Wednesday are set to show fuel prices bounced back in July. ANZ Bank economists Madeline Dunk and Jasmine Zheng […]
A significant inflation reading is anticipated this week, which may determine the possibility of further Reserve Bank rate increases. While fuel prices are expected to rise in July, a decrease in electricity costs could lead to a lower annual inflation rate. The trimmed mean, a measure closely monitored by the RBA, is projected to increase by 0.3 percent.
- Crucial inflation data due Wednesday could impact Reserve Bank rate hike decisions.
- Fuel prices are expected to rise in July, following a dip in June.
- Annual inflation rate may ease due to softer electricity prices.
- ANZ economists forecast headline CPI to rise 0.8% for July.
- Trimmed mean inflation expected to lift 0.3% for the month.
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