Inflation is expected to have moderated to a two-year low of about 4.3 per cent when new figures are released on Wednesday, which would allow the Reserve Bank of Australia to hold interest rates steady.
Market economists expect goods inflation to continue to ease but will be watching for further persistence in services inflation in labour-intensive sectors that has the RBA on alert.
Loading...
John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
