29 Oct 2015
RBA can brush CPI aside - UOB Group
FXStreet (Guatemala) - Analysts at UOB Group explained that Australian consumer prices rose at a slightly weaker pace in the third quarter, but adjusted measures of inflation held within safe ranges, giving the RBA little reason to worry about its inflation target.
Key Quotes:
"CPI rose 0.5% over the July-September period, easing from 0.7% in the June quarter, and coming in lower than the forecast rate of 0.7%.
Inflation has not been a major concern for the RBA over the last few years as the most measures of CPI have held safely within the central bank’s 2-3% target band."
"We think the soft 3Q CPI is unlikely to worry the RBA, although AUD has been hit."
Key Quotes:
"CPI rose 0.5% over the July-September period, easing from 0.7% in the June quarter, and coming in lower than the forecast rate of 0.7%.
Inflation has not been a major concern for the RBA over the last few years as the most measures of CPI have held safely within the central bank’s 2-3% target band."
"We think the soft 3Q CPI is unlikely to worry the RBA, although AUD has been hit."