Annette Beacher, Chief Asia-Pacific Macro Strategist at TD Securities, notes that Australia’s September quarter core CPI rose by +0.3%/q and 1.75%/y and while this fell short of TD/median looking for 1.9%/y, it was entirely consistent with the RBA’s August prediction that underlying inflation would temporarily dip to 1 ¾%/y this quarter due to lower administrative charges. Key Quotes “”The recovery in core inflation from the end-2016 low of 1.44%/yr is now painfully ‘gradual’, and provides ample justification for the RBA to pause for longer.” “We nevertheless look for higher rates as bloated household debt won’t correct itself. We await Q3 wages on the 14th to reassess our base case of +50bp over 2019.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZ: Dwelling consents fell 1.5% m/m in September – ANZ FX Street 4 years Annette Beacher, Chief Asia-Pacific Macro Strategist at TD Securities, notes that Australia's September quarter core CPI rose by +0.3%/q and 1.75%/y and while this fell short of TD/median looking for 1.9%/y, it was entirely consistent with the RBA's August prediction that underlying inflation would temporarily dip to 1 ¾%/y this quarter due to lower administrative charges. Key Quotes ""The recovery in core inflation from the end-2016 low of 1.44%/yr is now painfully 'gradual', and provides ample justification for the RBA to pause for longer." "We nevertheless look for higher rates as bloated household debt won't correct itself. We await Q3… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
