Quarterly CPI Still Setting Direction for Rates in Australia -- Market Talk

Dow Jones11:10

0310 GMT - The near-term path of monetary policy in Australia will likely remain closely tethered to quarterly CPI releases, says JPMorgan as it digests minutes of the central bank's recent meeting. Quarterly releases offer a better guide than monthly reports to the underlying momentum in inflation, economist Tom Kennedy says. "Based on the minutes and language in Governor Bullock's press conference, we suspect 1% q/q trimmed mean in 4Q (repeating 3Q's outcome) would put the board under pressure to hike in February," JPM says. However, JPM thinks inflation is tracking at 0.8% quarter on quarter and not clearly challenging the central bank's forecasts. "We retain our view for the RBA to remain sidelined in 2026," JPM says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

December 22, 2025 22:10 ET (03:10 GMT)

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Quarterly releases offer a better guide than monthly reports to the underlying momentum in inflation, economist Tom Kennedy says. \"Based on the minutes and language in Governor Bullock's press conference, we suspect 1% q/q trimmed mean in 4Q (repeating 3Q's outcome) would put the board under pressure to hike in February,\" <a href=\"https://laohu8.com/S/JPM\">JPM</a> says. However, JPM thinks inflation is tracking at 0.8% quarter on quarter and not clearly challenging the central bank's forecasts. \"We retain our view for the RBA to remain sidelined in 2026,\" JPM says. 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Quarterly releases offer a better guide than monthly reports to the underlying momentum in inflation, economist Tom Kennedy says. \"Based on the minutes and language in Governor Bullock's press conference, we suspect 1% q/q trimmed mean in 4Q (repeating 3Q's outcome) would put the board under pressure to hike in February,\" <a href=\"https://laohu8.com/S/JPM\">JPM</a> says. However, JPM thinks inflation is tracking at 0.8% quarter on quarter and not clearly challenging the central bank's forecasts. \"We retain our view for the RBA to remain sidelined in 2026,\" JPM says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 22, 2025 22:10 ET (03:10 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1720051017.SGD","symbol_name":"Allianz Global Artificial Intelligence AT Acc H2-SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2593746846","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2593746846","pubTimestamp":1766459400,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0310 GMT - The near-term path of monetary policy in Australia will likely remain closely tethered to quarterly CPI releases, says JPMorgan as it digests minutes of the central bank's recent meeting. Quarterly releases offer a better guide than monthly reports to the underlying momentum in inflation, economist Tom Kennedy says. \"Based on the minutes and language in Governor Bullock's press conference, we suspect 1% q/q trimmed mean in 4Q  would put the board under pressure to hike in February,\" JPM says. However, JPM thinks inflation is tracking at 0.8% quarter on quarter and not clearly challenging the central bank's forecasts. \"We retain our view for the RBA to remain sidelined in 2026,\" JPM says. 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