Well the June quarter CPI was released yesterday. Here are two reactions.
- australia-inflation-figures-numbers-data-rba-interest-rates
- inflation-slows-again-but-is-it-enough-for-the-reserve-bank-to-cut-interest-rates
I am definitely in the Greg Jericho camp. The RBA has been both slow and timid.
They should move to a neutral rate as soon as possible. The author is now the Westpac chief economist!
Once there they need to determine how expansionary fiscal policy is and then adjust accordingly.
IF you read the ABS release then you wil lrealise the November release will be when Australia moves into the rest of the world and we get a monthly CPI release which is the equivalent of our quarterly releases. About damned time!
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