Last week of the seventh month
RBA after the publication of inflation
The rate of inflation remains the same for the weighed indicator: 1,7% against 1,5% forecast for annual size. Standard CPI at the level of 1,0% against forecast 1,1% and the previous 1,3% for annual value. Well it or is bad before RBA meeting?
From the point of view of news trade – it is good as in transparent calculation "inflation is lower, the probability of decrease in a rate is higher" turbidity is brought. Citi, for example, has reviewed the forecasts of change of a rate of RBA since August for November.
We saw the prevailing majority of forecasts for a meeting on August 2:-0,25% of a rate (from 1,75% to 1,5%). Change of inflation expectations gradually prevented forming of uniform forecasts that has resulted in their inconsiste…