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Stella Qiu

Verified
Sydney
As seen in: Reuters, MSN, MSN Australia, MSN Canada, MSN Ireland, MSN Money Canada, MSN Singapore, MSN UK, MSN Venezuela, O Globo, UOL and
Covering Australia’s economy and markets @Reuters. Previous in Beijing. Now exploring Sydney and making sense of Australian news.
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Articles

Australia inflation undershoots forecasts, markets pare rate hike bets

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By Stella Qiu Verified
| MSN Verified
By Stella Qiu SYDNEY, July 29 (Reuters) - Australian consumer prices rose at a slower pace in the June quarter as fuel costs eased from peaks, while core inflation undershot forecasts and lessened pressure for a further hike in interest rates. Markets now see little chance — just 3% — of an interest rate increase from the Reserve Bank of Australia next month, down sharply from 21% previously, while a hike this year is priced at about 50%.
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Australia inflation undershoots forecasts, markets pare RBA hike bets

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By Stella Qiu Verified
| MSN Verified
By Stella Qiu SYDNEY, July 29 (Reuters) - Australian consumer prices rose at a slower pace in the June quarter as fuel costs eased from peaks, while core inflation undershot forecasts and lessened pressure for a further hike in interest rates. The Australian dollar fell 0.3% to $0.6953 and 3-year government bond yields declined 10 basis points to 4.482%. Markets pared back the chance of an interest rate increase next month to just 4%, from 21% previously, while a hike this year is priced at 50%.
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Australia inflation undershoots forecasts, markets pare RBA hike bets

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By Stella Qiu Verified
| MSN Verified
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