RBA can brush CPI aside - UOB Group

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 28, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analysts at UOB Group explained that Australian consumer prices rose at a slightly weaker pace in the third quarter, but adjusted measures of inflation held within safe ranges, giving the RBA little reason to worry about its inflation target.

    Key Quotes:

    "CPI rose 0.5% over the July-September period, easing from 0.7% in the June quarter, and coming in lower than the forecast rate of 0.7%.

    Inflation has not been a major concern for the RBA over the last few years as the most measures of CPI have held safely within the central bank’s 2-3% target band."

    "We think the soft 3Q CPI is unlikely to worry the RBA, although AUD has been hit."
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