Australia’s next interest rate move is DOWN!

Thursday, 26 July 2018

I’ve said it before and will say it again. Australia’s future is deflation! Via Credit Suisse:

Slightly disappointing 2Q CPI data

CPI came in slightly below expectations, rising by 0.4% in 2Q. Year-ended headline inflation picked up slightly to 2.1% from 1.9%, partly on the back of favourable base effects.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.