(Bloomberg) -- Australia’s core inflation unexpectedly decelerated last quarter, supporting the Reserve Bank’s view that prices will gradually ease and...
-- Australia ’s core inflation unexpectedly decelerated last quarter, supporting the Reserve Bank ’s view that prices will gradually ease and prompting traders to boost bets on an interest-rate cut. The currency and bond yields dropped.Rich Hong Kong Families Sell Mansions at Discounts to Repay Debt
“There will likely have been a huge sigh of relief at the RBA,” said Su-Lin Ong, Sydney-based chief economist at Royal Bank of Canada. “It will still likely debate a rate hike next week but will deliver a steady rate verdict and continue to signal vigilance with returning inflation to target the priority.”
The RBA meets to discuss monetary policy on Aug. 5-6 and will also publish updated economic forecasts with Tuesday’s decision. The CPI data follows stronger-than-forecast jobs growth. The strength in recent economic and partial price data had raised questions over whether policy is sufficiently restrictive. Just last month, Governor Michele Bullock reiterated the rate-setting board isn’t ruling anything in or out after leaving the benchmark at a 12-year high of 4.35%.
Jazz Chisholm had five RBIs in his second straight two-homer game, Gleyber Torres hit a go-ahead sacrifice fly in the 12th inning and the New York Yankees outlasted the Philadelphia Phillies 7-6 on Tuesday night for their first four-game winning streak since early June. Chisholm had an RBI grounder in the first, a solo homer in the sixth off Aaron Nola and a three-run homer in the seventh against Matt Strahm that put the Yankees ahead 5-4.
Reserve Bank Australia Royal Bank Of Canada Board Meeting Rate Hike Consumer Price Index
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