Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
The Australian monthly CPI indicator rose 3.4% y/y over February, 10 basis points below expectations and flat against January, Australian Bureau of Statistics data showed Wednesday.
The monthly indicator has held at the same level for three consecutive months. Housing (+4.6%), food and non-alcoholic beverages (+3.6%), alcohol and tobacco (+6.1%) and insurance and financial services (+8.4%) were the most significant contributors. Rental inflation growth, a focus for the Reserve Bank of Australia, increased 10bp to 7.6%.
RBA Governor Michele Bullock stressed the importance of data for the cash rate's future path following the board’s decision to hold at 4.35% last week. (See MNI RBA WATCH: Bullock Stresses Data, Switches To Neutral Tone)
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.