Loading…
Australia's headline inflation slowed to a three-year low in August, and core inflation also trended lower. Treasurer Jim Chalmers called the figures encouraging but cautioned that monthly numbers are volatile.
The RBA has held the cash rate at 4.35% since November.
Easing Australian inflation reduces pressure for further RBA tightening, supporting the AUD and risk appetite, which is modestly supportive for Australian-linked commodity demand sentiment. The direct grain and oilseed price impact is minimal.
reuters.comStella QiuSep 25, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
