Australia’s Cooling Inflation Opens Door to Early 2024 Rate Cuts


SYDNEY—Australia’s inflation readings continued to cool rapidly for July and should be shifting the conversation in financial markets away from whether the peak in interest rates has been reached, to a far bigger discussion about the timing of coming interest-rate cuts.

The monthly consumer-price index rose 4.9% in the 12 months to July, well below the expected rise of 5.2%, and compares with an increase of 5.4% over the year to June, the Australian Bureau of Statistics said Wednesday. The stellar July result compares with…


Source link


Must Read

Related Articles


Please enter your comment!
Please enter your name here