Australia's RBA Has Likely Done Enough to Ease Inflation

Dow Jones

07/21

0717 GMT - The Reserve Bank of Australia is likely to keep interest rates unchanged, as easing economic conditions reduce the need for further tightening, says NAB senior economist Taylor Nugent. NAB projects second-quarter trimmed mean inflation at 0.9% on-quarter and 3.7% on-year. That would be a tenth below the RBA's May forecast, Nugent says. Headline inflation is expected at 0.7% on-quarter and 4.0% on-year, suggesting a lower peak for inflation than the RBA feared. The data is due at the end of the month. (james.glynn@wsj.com; X @JamesGlynnWSJ)

(END) Dow Jones Newswires

July 21, 2026 03:18 ET (07:18 GMT)

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NAB projects second-quarter trimmed mean inflation at 0.9% on-quarter and 3.7% on-year. That would be a tenth below the RBA's May forecast, Nugent says. Headline inflation is expected at 0.7% on-quarter and 4.0% on-year, suggesting a lower peak for inflation than the RBA feared. The data is due at the end of the month. 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NAB projects second-quarter trimmed mean inflation at 0.9% on-quarter and 3.7% on-year. That would be a tenth below the RBA's May forecast, Nugent says. Headline inflation is expected at 0.7% on-quarter and 4.0% on-year, suggesting a lower peak for inflation than the RBA feared. The data is due at the end of the month.  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