Free Trial

VIEW: TD Securities: Not What The Dr. Ordered

RBA

TD Securities note that “Trimmed Mean CPI Inflation well above the RBA's forecasts locks in a 25bps hike next month to a 3.35% target cash rate.”

  • “The RBA has more work to do to get on top of inflation given quarterly CPI data revealed accelerating services inflation.”
  • “We are reluctant to read too much into the stronger monthly Dec CPI print. We stick with our terminal rate call of 3.60% by March.”
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

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.