Australian 2Q Core CPI Will Shape RBA's Action in August
Dow Jones
Jul 29
2359 GMT - Australia's 2Q CPI outcome at 0130 GMT will shape the Reserve Bank of Australia's August interest rate decision. Stephen Miller, an investment strategy advisor at GSFM, is focused on the annual core reading, saying that an annual rate of 3.8% will make a further hike a 50/50 call, while a result above 3.8% will virtually guarantee a rate increase next month. It will also keep Australia near the top of developed-economy inflation table, something that will ensure the RBA remains uneasy through the second half of the year, he adds.
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