Australia's Inflation Slows, Rates on Hold
Update: 2026-01-07
Description
Australias inflation rate decelerated to 3.4% in November, surpassing economists predictions of 3.6%. The trimmed mean inflation measure, a key focus for the Reserve Bank, also decreased to 3.2%. Housing and energy sectors drove inflation, with electricity costs surging 19.7%. Despite the overall cooling prices, the slowdown appears modest due to persistent pressures in housing and energy. The Australian sharemarket reacted positively, with the Aussie dollar trading 0.4% higher by midday. The Reserve Bank is expected to maintain interest rates at 3.6% until at least the first half of 2026, with potential hikes later. The next labour force report will provide insights into economic slack and wage pressures, influencing business pricing and the banks decision on interest rates.
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