Australia Melbourne Institute inflation +1.5% y/y vs 1.5% prior
Australian inflation data from the Melbourne Institute
- Prior was +1.5% y/y
- Prices flat month-over-month. Prior was +0.1%
- Trimmed mean -0.2% m/m
- Trimmed mean +1.5% y/y
I don't think the RBA is going to cut again unless there is fresh trouble in the global economy, but they're going to be on the sidelines for a long time.