Australia headline and core inflation above RBA target.
I'll be back separately with details and implications (TL;DR ... May rate hike). more to come Earlier: Iran war is supercharging inflation and putting a May RBA rate rise firmly on the table. This article was written by Eamonn Sheridan at investinglive.com.
The likelihood of a rate hike in May could lead to an appreciation of the Australian dollar as traders price in tighter monetary policy. Expect increased volatility in forex markets as investors react to inflation data.
I'll be back separately with details and implications (TL;DR ... May rate hike). more to come Earlier: Iran war is supercharging inflation and putting a May RBA rate rise firmly on the table. This article was written by Eamonn Sheridan at investinglive.com.
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