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CANBERA (dpa-AFX) - The Australian dollar strengthened against other major currencies in the Asian session on Wednesday, as Australia's upbeat inflation fueled bets of an increase in Reserve Bank ......
The inflation reading comes after Reserve Bank of Australia Deputy Governor Andrew Hauser said in an interview that inflation at current levels is "too high."...
Australia's core inflation remained elevated last quarter, suggesting price pressures aren't cooling at the desired pace and providing the Reserve Bank with further evidence that interest rates may need to move higher this year....
The Australian Bureau of Statistics will no longer publish a year-on-year Consumer Price Index in its quarterly report as it shifts to a monthly inflation framework that aligns its reporting more closely with international practice....
Australia's core inflation slowed in November, supporting the case for the Reserve Bank to keep interest rates unchanged for now as it assesses the impact of earlier policy easing....