Inflation Data and RBA Minutes to Reveal Rates Clues
A crucial inflation reading will be the focus of a big week in economics that could rule out or keep alive the chance of more Reserve Bank rate hikes. After easing in June, inflation figures on Wednesday are set to show fuel prices bounced back in July. ANZ Bank economists Madeline Dunk and Jasmine Zheng […]
TL;DR
- Crucial inflation data due Wednesday could impact Reserve Bank rate hike decisions.
- Fuel prices are expected to rise in July, following a dip in June.
- Annual inflation rate may ease due to softer electricity prices.
- ANZ economists forecast headline CPI to rise 0.8% for July.
- Trimmed mean inflation expected to lift 0.3% for the month.