FXStreet (Bali) - According to ANZ, an in-line with consensus CPI (+0.7%q/q, +1.8% y/y) is expected in Australia, with moderate prints for core inflation (average of +0.5% q/q and +2.4% y/y). Key Quotes "Much like the earlier published New Zealand CPI outturn, the Australian figures are expected to display a general absence of inflationary pressure given sub-trend economic growth and anaemic wage growth." "Key points to watch in the detail are the pass-through from the lower AUD to retail margins and travel prices, as well as the extent of any softening in electricity prices and residential rents." "Indeed, sub-47 USD oil prices suggest little in the way of increasing imported inflationary pressure on the horizon." "While the recent lift in variable mortgage interest rates has raised speculation the RBA will cut as soon as next month, much like the RBNZ, the RBA is likely to prefer to keep their powder dry." For more information, read our latest forex news.