Australia data – Q3 PPI: +0.2% q/q (prior was -0.1%)

Q3 PPI:

For the q/q, +0.2%

• prior was -0.1%

For the y/y, +1.2%

• prior was +2.3%

These figures only come out once a quarter in Australia, not a high-priority item. Check out that y/y … lowest since Q2 of 2013. Little inflation pressure in Australia. Let’s get some macroprudential tools action on the housing sector and then how about a rate cut Mr. Stevens? Why not?