RBA's Hauser Says Bad Mistake to Set Rates on One CPI Figure [Yahoo! Finance Canada]
Citigroup, Inc. (C)
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Source: Yahoo! Finance Canada
report, pointing out there's a suite of economic data still to come that will need detailed analysis. Most Read from Bloomberg “There's a lot for us to reflect on ahead of the meeting in August,” Hauser, deputy governor at the RBA, said in response to a question in Sydney on Thursday. “It would be a bad mistake to set policy on the basis of one number and we don't intend to do that.” ADVERTISEMENT The Australian dollar softened after Hauser spoke, while Australian bonds climbed for the first time in three days when markets opened Friday. Still, traders are pricing a better than even chance of an interest-rate hike this year. There's little prospect of a cut until late in 2025. Fears the RBA could resume tightening policy at its Aug. 5-6 meeting gained momentum after a partial gauge of consumer prices released this week showed inflation accelerated to 4% in May, well above the central bank's 2-3% target. “The number we spent a bit of time talking about earlier is only parti
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C
Earnings
- 4/12/24 - Beat
C
Sec Filings
- 6/28/24 - Form FWP
- 6/28/24 - Form 424B2
- 6/28/24 - Form 424B2
- C's page on the SEC website