Australian January Inflation Data Must Surprise to the Upside to Support March Rate Hike Expectations
Deep News
Feb 23
For the Reserve Bank of Australia (RBA) to be likely to raise interest rates in March, the January monthly inflation data released on Wednesday must deliver an upside surprise. Given the persistently tight labor market and an unemployment rate significantly below the current full employment level, some analysts believe the RBA could act again in mid-March following a potential February rate hike. However, the more probable scenario is that the central bank will downplay the significance of the monthly CPI figures, opting instead to wait for the more comprehensive quarterly CPI data due in late April.
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