How low does the CPI have to be for the RBA to cut?
This question came up late last week after the poor Labour Force report, which showed unemployment rising to 5.7% in July, a fresh cyclical high. We expect many people will be pondering this issue in the run up to the CPI on 24 July and the RBA Board meeting on 6 August. Here’s our take on the relevance of the inflation data to the RBA’s August deliberations.
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