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Australian inflation data due this week (Wednesday) is a HUGE event for the RBA outlook
The crucial Australian Q2 (April - June quarter) CPI data is due in Australia on Wednesday 30 July at 11.30 am Sydney time: 0230 GMT 2130 US Eastern time (on Tuesday July 29) Expectations can bee seen in the screen shot below from investing Live's economic calendar: image The 'trimmed mean', a core (underlying) measure of inflation will be closely eyed. Expectations are for a steady rate q/q, and while not pictured above, expectations for the y/y I have seen centre on a small dip, to 2.7%. I'd suggest that if the trimmed mean y/y does not dip then the Reserve Bank of Australia is likely to remain on hold at its ... (full story)