Australian Inflation Expectations survey for February 2025 4.6% (prior was 4.0%) ...Middle East

Quite the surge, jumping back up to 4.6% y/y

January was 4.0%

To the extent the Reserve Bank of Australia will pay too much attention to this data point its not supportive of a rate cut, at the margin. The Bank meet next week and a 25bp rate cut is the widely held expectations. I don't think data point will shake that conviction.

This article was written by Eamonn Sheridan at www.forexlive.com.

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