Forex News Australian 2Q CPI due July 23 will pass with "less than the expected fanfare," says TD Securities economist Josh Williamson. Notes RBA has flagged on-quarter figure above 1.0% for some time, citing higher oil prices, but has also highlighted slowing activity. "Put simply, there is less potential for an upside surprise from the quarterly result and less reason for the market to be concerned." Notes, however, even a 0.1 percentage point below market forecast for underlying inflation would prompt AUD sell off and bills rally. TD expects underlying inflation of 1.0% for 2Q, 4.3% for the year.
0 comments:
Post a Comment