Melbourne Institute Inflation gauge
-0.1% m/m
- prior 0% m/m
5.1% y/y
- prior 5.7%
Trimmed mean 0.0% change m/m and 5.0% y/y (prior 5.1%)
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That m/m decline is not a smoking gun for a Reserve Bank of Australia rate hike tomorrow. From last week:
- Failure to act on high CPI threatens to damage the Reserve Bank of Australia's credibility
- Reuters Poll: RBA to high cash rate to 4.35% on November 7
- IMF tells the RBA to hike interest rates higher, and hold 'em high for longer
- Westpac forecasting a November Reserve Bank of Australia rate hike
- UBS forecasts a November RBA interest rate hike, and likely more to come after that
- RBA rate hike incoming on November 7 - will they hike again in December?
- Commonwealth Bank of Australia forecast a 25bp RBA rate hike on November 7
- Australia - Demand for luxury supercars "through the roof"
- Australian Treasurer Chalmers says inflation is moderating but persistent
- ANZ forecasts a 25bp RBA interest rate hike on November 7 (previous forecast was December)
- Australia - market is rapidly pricing in a November rate hike after surging inflation data
- AUD/USD jumped higher on Australian inflation data, November 7 rate hike is likely now.
Reserve Bank of Australia Governor Bullock
