free forex signals

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

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    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."
    For more information, read our latest forex news.
     

Share This Page

forex_managed_account_1