Gate.io: Australian inflation rate falling back into target range temporarily does not affect the Intrerest Rate outlook

Jinshi data on September 25th, Dutch International Group economists said that Australia’s inflation rate has fallen back to the target range of the Central Bank, but this is not worth reconsidering the prospect of Intrerest Rate immediately. Robert Carnell, head of research for HSBC in the Asia-Pacific region, said, “There are many variables in this set of data, any of which could reverse in the coming months.” In a report, he wrote that the August data showed a reasonable decline in some core inflation indicators, with the trimmed mean falling to 3.4%. Before considering easing policy, the Australian Reserve Bank may want to see the average inflation rate fall below 3% for several months, but it is approaching that goal. Nevertheless, Dutch International Group still believes that a rate cut will be in the first quarter of 2025, not the fourth quarter of 2024.