The jump in Australia's unemployment rate and the recent plunge in auction clearance rates suggest that the upside risks to our interest rate forecasts have diminished. Nonetheless, with underlying inflation set to remain higher for longer than the RBA is anticipating, we still expect the Bank to deliver one final 25bp rate hike at its August meeting.
Please join us online at 09:00 BST / 16:00 SGT on Thursday for a 30-minute briefing exploring how Asian economies are navigating the ongoing Middle East crisis and the recent surge in global energy prices. We will examine how central banks are responding, assess the impact on economic activity, and consider what a further escalation in energy prices could mean for the region’s growth and inflation outlook
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