The September quarter consumer price index (CPI) did not add a whole lot to the market’s information set regarding assessments of the likely timing of a policy rate cut from the RBA.

Sure, the headline rate was a little better than expected coming in at an annual rate of 2.8 per cent. That reflected the impact of government subsidies for electricity consumption for which there will be an offsetting increase in the future. Falling fuel prices also contributed.

Read Stephen’s ‘On the other hand’ here

Stephen Miller

Stephen Miller is GSFM’s market strategist. His expertise in international economic and policy analysis, as well as domestic and global economic and financial market developments, has resulted in him becoming a regular commentator on central banks, rates and inflation.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.