Inflation data likely to settle RBA rate debate

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SYDNEY: Debate over whether Australia’s central bank needs to deliver a late-cycle policy tightening is likely to be resolved with the release of quarterly inflation data this week, and the currency is set to be swept up in the fallout.

Newnaha pointed to a recent sell-off in the Australian dollar and said that “the consumer price index is unlikely to rescue the slide”.

Australia’s policy caution has left it near the back of the global cycle, given that the RBA is discussing hikes at a time when some peers are already easing.

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Category: EconomyBusiness

Markets: MalaysiaAustraliaCanadaChinaJapanSingaporeUnited States

Topics: Interest rate RBA Employment Economy /Business/Business News Inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-30 @ 07:00:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 756 words

Reading Time: 5 minutes read

Sentences: 30 lines

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Copyright Owner: © The Star

News ID: 21840896

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