Inflation softer than expected, but hold your horses on rate cut hopes
Thursday 11th January 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services -NABAustralian inflation fell faster than expected in November. Phil asks NAB’s Taylor Nugent what this means for the rate path from the RBA. He says the monthly data is a relatively new indicator and is still volatile, so we should be cautious in interpreting the numbers and certainly there wasn’t anything to make the RBA too comfortable. We can expect a more definitive market response to US CPI later on. If the number falls below consensus and highlights potential for a faster…
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