The Melbourne Institute Survey of Consumer Inflationary Expectations
October 2024 comes in at 4.0%
a sharp drop from September’s 4.4%
The Reserve Bank of Australia target band is 2 to 3% for inflation.
Current official CPI and cash rates (this from the RBA website):
The most recent communication from the RBA is not dovish:
RBA minutes: Board discussed scenarios for both lowering and raising interest rates
Later today we’ll hear from the Bank:
AUD note: Reserve Bank of Australia’s Assistant Governor Economic Hunter speaks later
This article was written by Eamonn Sheridan at www.forexlive.com.
