The drop in inflation in the third quarter back below the 2-3% target rate won’t frighten the RBA too much, but it does look more like a scary Halloween trick than a treat. We believe the RBA will miss its inflation target for another two years. So even if the unemployment rate falls further, interest rates may still not be raised until late in 2020. That would be later than the markets and most other analysts expect
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.