Wall Street Journal: “Strong Australian Services Sector Growth A Headache For RBA”

A piece in the Wall Street Journal on the strength of the services side of the Australian economy and how its

  • something that is sure to alarm the Reserve Bank of Australia, which remains engaged in a fight to cool inflation pressures.

The article is in response to the services PMI data from earlier, where I noted:

Yep. WSJ concurs. Here is the link, may be gated but if you can access it its worth a read.

The next RBA meeting is 6–7 May 2024, with no change to the cash rate expected.

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