According to ANZ economist Siddhant Kalra via Jin10, Australia's Q3 trimmed mean inflation reached a strong 3.7% year-over-year on November 11, with services inflation recording its strongest annual pace since 2024. Despite signs of economic slowdown cooling expectations for further Reserve Bank of Australia rate increases, persistent inflation pressures remain a challenge. The robust services inflation outcome, linked to domestic capacity constraints, is likely to keep the RBA cautious in coming months.

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.