Ugly CPI data shows why rate cuts are a distant prospect
CPI report suggests fears about sticky inflation are becoming a reality, leaving the RBA board’s decision last month to abandon its stated tightening bias looking premature.
The boffins at the Reserve Bank of Australia may have gotten a bit ahead of themselves.
Wednesday’s stronger-than-expected March quarter CPI report suggests fears about sticky inflation are becoming a reality, leaving the RBA board’s decision last month to abandon its stated tightening bias looking premature.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
