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Australian Inflation Cools, Cutting Odds of Another RBA Hike
Core inflation stayed at 3.6% and markets cut bets on an August rate hike, though housing and services costs remained elevated.
- On Wednesday, Australian government data showed consumer price inflation cooled in the June quarter, with the annual trimmed mean gauge rising 3.6% versus the 3.7% forecast.
- The Reserve Bank of Australia raised the key rate three times this year to 4.35% to combat inflation; RBA Governor Michele Bullock acknowledged on Tuesday the board grows increasingly concerned the longer inflation remains outside its target.
- Traders reacted sharply, slashing bets on another rate hike this year to about 50% from more than 90% previously, while annual inflation in June was primarily driven by a 6.8% increase in housing costs.
- The Australian dollar fell to $0.6949 as bond yields declined; AMP Economist My Bui said the print was "softer than we expected and it was pretty nice to see some hot services categories ticking down in June."
- RBA Assistant Governor Sarah Hunter is scheduled to hold a fireside chat on Thursday morning, the final event before the board meets on August 11, when it releases updated quarterly forecasts.
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29 Articles
29 Articles
·London, United Kingdom
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Australia's Unexpectedly Soft Inflation Puts Rate Hike in Doubt
·New York, United States
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Australia inflation unexpectedly eases to 3.8%,but stays above RBA tar
The annual inflation rate in Australia unexpectedly eased to 3.8% in June 2026 from both May's reading and expectations of 4.0%, but remained above the central bank's 2–3% target range. It was the softest increase since February, as goods inflation modera
·Ra'anana, Israel
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Total News Sources29
Leaning Left3Leaning Right5Center7Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 20%
C 47%
R 33%
Factuality
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