RBA head economist Hunter says agrees with the Australian Treasury’s inflation forecast

Reserve Bank of Australia Assistant Governor (Economic) Hunter:

  • We agree with the Treasury forecast on inflation
  • CPI confirmed there was strength in some price sectors
  • The RBA Board is clearly focused on inflation staying out of the band, clearly there is strength in inflation
  • Wages growth in around its peak

more to come

Some notes.

The latest inflation data from Australia was released yesterday (monthly reading)

This article was written by Eamonn Sheridan at www.forexlive.com. Source