- The Australian Bureau of Statistics released official data on the national economy, monitoring CPI and inflation rates, which impacts global oil prices and market stability in the Middle East.
- Core inflation increased above the RBA target band, based on data released by the Australian Bureau of Statistics.
The RBA is maintaining a tight monetary policy due to persistent inflation, which is now influencing currency markets like AUD/CAD.
3 reports, 3 independent
Updated Sep 21
Gone quiet
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- Repetition
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New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
The RBA is maintaining a tight monetary policy due to persistent inflation, which is now influencing currency markets like AUD/CAD.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Stagflation pressures are compelling the RBA to consider raising interest rates.1 source
Hotter inflation keeps RBA tightening live, pushing AUD/CAD markets.1 source
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The entities involved
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RBA
Spanish media enterprise
- The Reserve Bank of Australia is managing monetary policy while assessing how geopolitical risks in the Middle East, including conflict status and oil flow, affect the outlook for inflation and the potential benefits of a peace deal.
- The Reserve Bank of Australia and the European Central Bank are facing global economic pressures. Data released on May 27 showed that CPI rose 0.4% in April.
Related events
- RBA believes Australia's rate-hike cycle has ended, prompting financial institutions like Barclays and Capital Economics to adjust their economic forecasts.
- The RBA raises interest rates to manage inflation, influenced by GDP data and economic disruptions caused by the Middle East conflict.
- ABS reports inflation data, which is monitored by the RBA.
- The Reserve Bank of Australia is factoring in new consumer spending data when assessing current inflation risks in the country.
- RBA is being advised by Sarah Hunter regarding inflation risks stemming from geopolitical tensions in the Middle East that are causing supply shocks affecting both Australia and Italy.