Job vacancies increase, Australia's core CPI will remain above target

Odaily Planet Daily News: HSBC economists said that the latest CPI data in Australia indicates that the gradual decline in inflation is still continuing, but core inflation is still higher than the target range of the Reserve Bank of Australia. The strong growth in job vacancy data further indicates that the job market is no longer relaxing, but tightening. If the job market tightens, it will make it more difficult to achieve the so-called 'last mile' of core inflation that continues to return to the target level. The core viewpoint is that the Reserve Bank of Australia will not cut interest rates before the second quarter, and there is a 25% chance that it will not cut interest rates at all this year, which is a real risk. The next noteworthy data is Thursday's retail data and next week's labor data. (Golden Ten)