While inflation picked up in Q2, it wasn’t as strong as we had expected. That suggests that the RBA may opt for another 50bp rate hike at next week’s meeting rather than the 75bp we had been anticipating.
Australia Drop-In (15:00 SGT, 27th July): Join our 20-minute briefing on why we think Australian inflation is heading higher than the consensus expects, how the RBA will have to raise rates by more than most appreciate to tame it, and what it all means for Aussie asset prices. Register now
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