Australian inflation steadies at 2.1%, suggesting interest rates may stay unchanged.

Australian inflation numbers for October are expected to stabilize at the lower end of the Reserve Bank of Australia's target range, with headline annual inflation at 2.1%. The annual trimmed mean measure is predicted to rise to 3.4%, influenced by less repetition of previous large price falls. This data suggests that interest rates may remain unchanged at the RBA's December meeting. Australian stock markets hit record highs, with the S&P/ASX200 index gaining 1.3% for the week.

November 24, 2024
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