Australian February CPI: Core (trimmed mean) 3.3% y/y (vs. expected 3.4%)
News brief
CPI for February slightly lower than expected both headline and underlying (core). Australian shares have added to gains. March, of course, has brought fuel price surges. We'll get that news in a month.I'm seeing the figures being greeted with joy. Dial it back folks, the target band the RBA shoots for is 2-3%. I'll have more to come……………
Why traders care
For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment.
What to watch next
- Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.
CPI for February slightly lower than expected both headline and underlying (core). Australian shares have added to gains. March, of course, has brought fuel price surges. We'll get that news in a month.I'm seeing the figures being greeted with joy. Dial it back folks, the target band the RBA shoots for is 2-3%. I'll have more to come………… CPI for February slightly lower than expected both headline and underlying (core). Australian shares have added to gains. . March, of course, has brought fuel price surges. CPI for February slightly lower than expected both headline and underlying (core). Australian shares have added to gains. March, of course, has brought fuel price surges. We'll get that news in a month. I'm seeing the figures being greeted with joy. Dial it back folks, the target band the RBA shoots for is 2-3%. I'll have more to come on this separately ... ADDED, here we are, more detail etc,:… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.
