Australia is scheduled to release Q1-2015 CPI data on 22 April. Headline CPI inflation is expected to have fallen mildly to 1.3% y/y (0.2% q/q). Trimmed mean inflation likely dropped moderately as well, both on slowing h…
Australia is scheduled to release Q1-2015 CPI data on 22 April. Headline CPI inflation is expected to have fallen mildly to 1.3% y/y (0.2% q/q).
Trimmed mean inflation likely dropped moderately as well, both on slowing house price growth and lower energy prices. Retail sales growth likely picked up in Q1 after a subdued Q4, adding to inflation.
The food inflation remained low in Q1. Housing inflation - the most heavily weighted component - was likely lower in Q1 than Q4 due to a slowdown in investor mortgage growth, but it is expected to have stayed elevated.
Good March labour market data would put the focus firmly on the inflation print.
"We believe lower inflation in Q1 would provide the Reserve Bank of Australia with the impetus to reduce the cash rate in May; we expect a 25bps rate cut", Said Standard Chartered in a report on Tuesday
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
