Tomorrow, the Reserve Bank of Australia will meet on Tuesday 7 March 2023 and its statement will be delivered at 2:30pm Sydney time.
- 0330 GMT (10:30 PM US Eastern Time)
Banks again raise cash rates by 25bp.the way behind it inflation
inflation
Inflation is defined as a quantitative measure of the rate at which the average price level of goods and services in an economy or country rises over a period of time. It is a general price level increase that causes a particular currency to buy less effectively than in previous periods. It is very influential when it comes to the strength of a currency and thus the valuation of foreign exchange, inflation or any such indicator. Inflation arises from the overall creation of money.this money is m
Inflation is defined as a quantitative measure of the rate at which the average price level of goods and services in an economy or country rises over a period of time. It is a general price level increase that causes a particular currency to buy less effectively than in previous periods. It is very influential when it comes to the strength of a currency and thus the valuation of foreign exchange, inflation or any such indicator. Inflation results from the overall creation of money.this money is m
rate.
Today we are getting another monthly CPI reading. This time from the Melbourne Institute Inflation Gauge. MI’s inflation gauge for January shows continued high inflation, and today’s February data release may continue to do so.
- The Melbourne Institute Inflation Gauge is produced by the Melbourne Institute of Applied Economics and Society at the University of Melbourne.
- It is highly regarded as an early indicator of inflationary trends in the Australian economy and is closely monitored by policy makers.
- It predates the Australian Bureau of Statistics monthly CPI measurement by many years and has a strong track record.