Good afternoon. Inflation?increased to 6.8% last month?as energy prices jumped, but the easing of underlying price pressures has reduced the chance of another Reserve Bank rate rise in June.
The April rate is higher than the 6.4% pace economists had expected as well as the 6.3% reading for March. However, once volatile items were excluded, the underlying inflation rate, which the RBA watches most closely, eased to an annual clip of 6.5% in April from 6.9% in March.
Today’s inflation figure is the one of the last pieces of information the RBA will receive before it decides on interest rates next Tuesday.
David Bassanese, the chief economist at BetaShares, said the RBA need not “reach for its gun just yet – especially given other signs of a cooling economy, such as weaker building approvals and consumer spending”.
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Administrator / Specialist in Customer Service / Freelance Indigenous Artist
1 年How about the RBA Governor share his house