Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Michel Bulak, the Governor of the Australian Reserve Bank (RBA), speaks during a press conference at the bank’s head office in Sydney, Australia, Tuesday, April 1, 2025.
Bloomberg | Bloomberg | Gets the image
In Australia, inflation rates in the second quarter of the year decreased to the lowest point since March 2021, entering 2.1% over the year, compared to 2.4% over the previous period.
This was lower than 2.2% who were waiting for economists surveyed by Reuters, and almost touched the lower strip of 2% -3% of the target set by Australia’s reserve bank.
July 24, RBA Governor Michelle Bulalah said in speech What she expected that the headlines’ inflation in June will be at the bottom half of our target range by 2% -3%, “while explaining that it partially reflects the constant effect of temporary life relief.
“As this effect is promoted, we expect that the title inflation will be selected to the top of the group at the end of this year and in the first part of 2026,” she added.
RBA reduced the speed twice While this year . each by 25 basic points -This as he raised it to a 12-year high of 4.35% to fight high than expected inflation.
While the inflation rate supported the rate of rate, RBA has left its political rate invariably in 3.85% At the previous meeting, without giving expectations from economists.
A few minutes from the July meeting RBA They showed that the board members preferred to support the stable bet to confirm that the inflation would get into the target lane.
RBA noted that some indicators are increasing than predicted, including monthly inflation and private demand for March. In addition, it was noted that the conditions in the labor market did not easier the way expected.
In a note on July 25, the Bank of America said they expected that the inflation figures in the second quarter will provide sufficient evidence of RBA to reduce the policy level by 25 basic points on their August.
“The weaker global growth background in combination with the unemployment rate increased to 4.3% in June, increasing our belief,” analysts said.
GDP Australia In the first quarter of 2025, it grew less than expected, increasing 1.3% per year and lower than approximately 1.5% in the Reuters survey.
A quarter of a quarter of the economy increased by 0.2%, emphasizing growth expectations by 0.4%.
Catherine Kinan, head of the ABS of National Accounts, attributed a soft growth to reduce public expenses and weaken consumer demand and exports.
– It imitates the news, please check the updates.
