Economy

RBA Rate Decision Hinges on Upcoming Australian Inflation Data

Forex Factory1h
THE BRIEF
1

The Reserve Bank of Australia's (RBA) next interest rate decision is heavily dependent on crucial inflation data released this week.

2

Recent figures show the Consumer Price Index (CPI) rose by 3.8% over the 12 months to June, slightly easing pressure for an immediate rate hike.

3

The RBA is balancing the need to curb inflation against signs of a cooling housing market, which has slowed more than previously anticipated.