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Aura Group says softer Australia Q2 CPI cuts odds of near-term RBA rate hike

Aura Group says softer Australia Q2 CPI cuts odds of near-term RBA rate hike

ReutersReuters2026/07/31 01:02
  • Aura Group analysis flagged a softer-than-expected Australia June-quarter CPI, cutting near-term pricing for an RBA rate hike.
  • Headline inflation eased to 3.8% y/y from 4% in May; trimmed mean slowed to 3.6%, below market and RBA forecasts.
  • Money markets largely priced out an August hike; odds for one more increase by Christmas fell to about 40% from roughly 80%.
  • Housing remained the biggest annual inflation driver at 6.8%; services inflation stayed elevated, pointing to persistent domestic cost pressures.
  • Extended policy stability now looks more likely, though easing could be delayed unless activity weakens or domestic inflation cools materially.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Aura Group Holdings Pte Ltd. published the original content used to generate this news brief on July 31, 2026, and is solely responsible for the information contained therein.

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