Jarden warns: The Reserve Bank of Australia cannot accelerate disinflation solely through rate hikes; core inflation is expected to remain above 3%.
- Jarden economists point out that the Reserve Bank of Australia cannot accelerate the natural decline of inflation simply by adjusting interest rates.
- The composition of inflation is more important than the level of inflation itself. Core inflation is expected to remain above 3% until the second half of 2027.
- The main reason for inflation vastly exceeding expectations is not an overheated domestic economy, but rather factors related to fuel costs, which are beyond the control of officials or politicians. The situation is expected to ease once the Middle East situation normalizes, but the key lies in how much cost pressures will impact Australia's goods and services.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Marvell surges! Revenue forecast for 2028 raised to $20 billions, driven by strong data center demand
Marvell expects total revenue to reach $20 billion for fiscal year 2028, higher than the previously stated $18 billion and exceeding Wall Street’s estimate of $18.2 billion. The company also expects fiscal year 2031 revenue to reach between $70 billion and $90 billion, far surpassing Wall Street’s forecast of $46.85 billion. Following the announcement, Marvell's share price rose by nearly 9% at one point.
[US Stock Movement] Applied Optoelectronics surged on October 6: Fundraising completed + AI optical module
Crypto prices
More
