Summary: Headline inflation up 0.2% in Sep quarter, less than expected; annual rate of RBA preferred measure slows from 3.6% to 3.2%; ACGB yields fall; rate-cut expectations firm; recreation/culture prices main driver of result. In the early 1990s, high rates of inflation in Australia were reined in by the “recession we had to have” as it became known. Since then, underlying consumer price inflation has averaged around 2.5%, in line...
Summary: Headline inflation up 0.2% in Sep quarter, less than expected; annual rate of RBA preferred measure slows from 3.6% to 3.2%; ACGB yields fall; rate-cut expectations firm; recreation/culture prices main driver of result. In the early 1990s, high rates of inflation in Australia were reined in by the “recession we had to have” as it became known. Since then, underlying consumer price inflation has averaged around 2.5%, in line...