It was billed as the release of Mac or break data for the RBA hiking argument, but Q2 covered CPI prints came to 0.8 % Q/Q/3.9 % Y/Y, which was widely presented in the May SMP according to its RBA estimates and were certainly not as bad as it was.
If the RBA needs a smoking gun to indicate the balance next week, then it will not please the RBA, while it will definitely not please the RBA, next week, it is not enough to persuade them to increase by 25 bp – a more recent hike in the central bank.
The ACs interest markets were at prices of 8BP hikes (or 32 % of the possibility of an increase in 25BP) for next week’s RBA meeting, and after today’s Q2CPI print, the Talk of Hicks has been fully exposed to market prices – in fact, a small (5 %). How much of interest rates traders are doing. What was seen in April 2025, which was seen as the beginning of the ease of cycle in the RBA, is now a debate on November or December 2024. Where we can see that the ‘Market’ has moved its starting point altogether, with a 25 % possibility of 25BP kit for November.
We can see Relief Front and Center, not only in Asi rates/conversion prices, but also the AUS 3YR government bonds have received strong activity to buy up to 22BP this day. AUD has led to sympathy, which has decreased by 0.6532 by 0.6483, and – macro funds go into relative rates – which fall from 1.1060 to 1.0968. We have seen relief resonance with an increase of 8000 with ASX200 through the local equity market to 8057, in which buyers are readily available.
While we look forward to changes in household calls by more dynamic economists and market prices. However, for now, the talks have been removed to discuss market prices, and the RBA must be complying with other G10 central banks, though the RBA inflation target is still incredibly disappointing and snowy.
Let’s see how the UK/European traders trade the move, but for now we have looked at the BOJ and do they increase to 15BP, as it seems that these are local speculations.
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