Forex News Australian 2Q PPI likely to highlight inflation pressure still a concern for RBA, say RBC Capital Markets strategists. Dow Jones survey shows economists expect PPI +1.5% on-quarter from +1.9% 1Q, expect +5.2% on-year from +4.8%. However, RBC says particular interest will be paid to energy price component as "energy prices might help slow non-oil demand", which is something RBA will be looking for in its assessment of cooling economy. Data due 0130 GMT.
0 comments:
Post a Comment