AUD: CPI expected to have stabilized at 1.1% in Q3 - BBH
|Research Team at BBH, suggests that Australia is continuing to wrestle with low inflation as the headline CPI has been trending lower and at 1.0% in Q2 was the lowest level since the late-1990s.
Key Quotes
“It is expected to have stabilized at 1.1% in Q3. The central bank puts more emphasis on the trimmed mean and weighted median measures. The trimmed mean is expected to remain at the record low matched in H1 of 1.7%. The weighted median may tick up to 1.4% from 1.3% in H1, which is also a record low.
The subdued price pressures keep many expecting another rate cut next year. For the fourth month, the Australian dollar has been largely confined to a $0.7450-$0.7750 trading range. The poor employment report reinforced the upper end, while a subdued inflation report could see it head toward the lower end of the range.”
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