Data is here: Australia headline and core inflation above RBA target.
Data is here: Australia headline and core inflation above RBA target. Trimmed Mean (core) was 0.8% q/q vs. 0.9% expected and prior 0.9%.
March month headline 4.6% vs. 4.7% expected. This seems to be the narrative for the drip in the AUD. Australia’s Treasurer Chalmers says the Treasury expects inflation to peak at higher levels.
RBA 25bp hike on May 5 is still live: This article was written by Eamonn Sheridan at investinglive.com.