QIC says Australia June trimmed mean inflation cools to 0.8%, easing near-term RBA hike risk

Reuters2026/07/31 05:19

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QIC flagged a softer-than-expected June CPI print in Australia, easing near-term pressure on the RBA despite trimmed mean inflation at 0.8% q/q.
Annual trimmed mean inflation printed at 3.6%, still elevated, but QIC said the Iran war oil shock has shown limited flow-through to underlying inflation so far.
Market pricing shifted, with expectations for an August hike removed, leaving roughly a 50% chance of any RBA hike over the next year.
QIC forecast annual trimmed mean inflation at 3.4% by year-end, returning to the target band in the second half of 2027.
Base case calls for the RBA to stay on hold over the next year, citing restrictive policy, weaker demand, labor market easing, housing market decline.

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. QIC Ltd. published the original content used to generate this news brief on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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QIC says Australia June trimmed mean inflation cools to 0.8%, easing near-term RBA hike risk

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