The jump in August monthly consumer price index (CPI) means a further rate cut from the RBA when it meets on Monday and Tuesday this week is something of a “bridge too far”. And at this stage, the same might be said for the following meeting, set to conclude on Melbourne Cup Day.

Read Stephen Miller’s Opinion in the AFR

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.