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Details: ht
According to CoinWorld news, ME news, on September 29 (UTC+8), Standard Chartered Bank maintains its previous view that the Reserve Bank of Australia will keep the cash rate at 3.60% in the meeting on September 30. Recent economic data from Australia has unexpectedly improved. The CPI annual rate for August was 3.0% (compared to 2.8% in July), while the trimmed mean inflation fell from 2.7% to 2.6%. Despite a lackluster labor market report for August, household spending remains strong. "Our fundamental view remains that the Reserve Bank of Australia will lower interest rates by 25 basis points in the fourth quarter, with a terminal cash rate of 3.35%. However, the unexpected rise in the August CPI, coupled with a solid economic recovery, increases the risk of a pause in the fourth quarter. The CPI data for the third quarter, expected to be released on October 29, will influence the Reserve Bank of Australia's future interest rate decisions."