The inflation data due from Australia today will be of great interest to the Reserve Bank of Australia. The Bank meet next on August 11-12 and a 25bp rate cut is widely expected. As it was at the previous meeting when the Bank left its cash rate unchanged. Eyes are on the core rate (trimmed mean … ps. the calendar lists it as ‘RBA Trimmed Mean’, which is weird, the data come from the Australian Bureau of Statistics). I popped a preview of this data up here earlier in the week:
- This snapshot from the economic data calendar
- The times in the left-most column are GMT.
- The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.
This article was written by Eamonn Sheridan at investinglive.com.