New Overnight Developments Abroad - Daily Update
Aussie Dollar Lifted by Higher-than-Forecast CPI
July 23, 2014
Australian consumer prices climbed 0.5% on quarter and to a nine-quarter high of 3.0% on year, which coincides with the 2-3% target ceiling. The trimmed mean measure of core CPI inflation rose to 2.9% from 2.6% in the first quarter and final quarter of 2013. There seems little chance of a further monetary policy easing, […] More
