The Reserve Bank of Australia is factoring in new consumer spending data when assessing current inflation risks in the country.
3 reports, 3 independent
Updated Sep 2
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What happened
The Reserve Bank of Australia is factoring in new consumer spending data when assessing current inflation risks in the country.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.RBA incorporates consumer spending data into its assessment of current inflation risks.1 source
Strong consumer spending growth is driving RBA policy review and increasing borrowing costs.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
- Core inflation increased above the RBA target band, based on data released by the Australian Bureau of Statistics.
- ABS reports inflation data, which is monitored by the RBA.
- The RBA raises interest rates to manage inflation, influenced by GDP data and economic disruptions caused by the Middle East conflict.
- Inflation data is influencing the RBA's next policy move, with specific implications for SME owners.
- Spending data, conflict escalation, and tech reports are influencing the RBA's monetary policy outlook.