(Bloomberg) -- Australian Treasurer Jim Chalmers said he expects upcoming data to show encouraging progress in combating inflation but acknowledged the...
-- Australian Treasurer Jim Chalmers said he expects upcoming data to show encouraging progress in combating inflation but acknowledged the central bank may not be ready to cut interest rates this week.California’s Anti-Speeding Bill Can Be a Traffic Safety BreakthroughInflation will slow to 2.7% in August from a year earlier, according to the median estimate of economists ahead of the Wednesday data release.
The Reserve Bank of Australia will leave the cash rate target at 4.35% on Tuesday, according to all 31 economists surveyed by Bloomberg. Governor Michele Bullock said earlier this month policy will need to remain “sufficiently restrictive” until CPI moves sustainably toward its 2-3% target.“The quarterly inflation number is usually the one they focus on a bit more substantially than the more volatile and more unpredictable monthly number,” he said. “They look at the unemployment figures.
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