TD Securities/Melbourne Institute (MI) Inflation for July

+0.2 % m/m

  • prior was +0.1% m/m

+1.6% y/y

  • prior +1.5% y/y


The 'trimmed mean' for July is +0.1% m/m & +1.5% y/y


The RBA meet tomorrow (Tuesday local time, announcement at 2.30pm, which is 0430GMT)

Says Annette Beacher, chief Asia-Pacific macro strategist at TD Securities:

  • "Cautious optimism from the RBA Governor in recent weeks speaks to us that the RBA Board is likely to leave the cash rate at 2 percent for quite some time"


Meanwhile ... AUD has had a quiet open to the week:

It's a Sydney bank holiday today