Inflation and business survey data were out at the same time:
Analysts in Australia have been moving towards forecasts of earlier rate hikes from the RBA but are still eyeing hikes in H2, not imminently. As I said in the CPI post I don't see any trigger for a hike soon.
- WPAC: RBA highly likely to halt its bond purchase program at its coming meeting
- ANZ: RBA certain to end its QE program in February
- CBA looking for a late 2022 RBA rate hike
Back to the AUD, a touch higher on the data: