Australian Inflation Boosts Case for Higher-for-Longer Rates

Bloomberg News

Australian Inflation Boosts Case for Higher-for-Longer Rates
Reserve BankConsumer Price IndexPrice Pressures
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(Bloomberg) -- Australia’s inflation came in faster than expected in the first three months of 2024, suggesting price pressures are proving sticky and...

-- Australia’s inflation came in faster than expected in the first three months of 2024, suggesting price pressures are proving sticky and bolstering the case for the Reserve Bank to hold interest rates at a 12-year high.Ray Dalio’s Famous Trade Is Sputtering, Investors Bailing

“Base effect drops out from here and will make further moderation in inflation challenging,” she said. “We could well see upward revision to the RBA’s near-term inflation forecasts and downward revision to its unemployment rate forecasts at the upcoming May Statement on Monetary Policy.” Annual non-tradables prices, which includes goods and services that are mostly influenced by domestic factors, eased to 5% from 5.4%

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Reserve Bank Consumer Price Index Price Pressures Inflation Forecasts

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