Reported about 5 hours ago
In August, Australia's consumer prices increased at their fastest annual rate in a year, yet core inflation eased, leaving the possibility open for a future interest rate cut. The monthly consumer price index rose 3.0% year-on-year, slightly exceeding forecasts. Despite this uptick, bets on the Reserve Bank of Australia maintaining rates during its upcoming meeting have increased, as the labor market remains strong and inflation is expected to stabilize.
Source: YAHOO