Wednesday, January 31, 2024

Australia's inflation continues to fall

In Australia, inflation continues to fall.  The RBA won't be raising rates again, even though inflation is still above its long-term target of 2-3%, because its trend is so clearly down.   Will they cut rates soon?  Prolly not.  Central Banks are by their nature conservative.  They'd like a few months' more data before they start easing.  It's clear enough that for Australia, the interest rate cycle has peaked.




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