Market Signal

Australia and Philippines Face Rate Hike Pressure After Inflation Data

Sourced from 3 publications

  • Australian shares gave back most of their early gains after hotter-than-expected July inflation data increased rate hike expectations.
  • The RBA may need to raise rates again despite a modest decline in headline inflation, as the easing proved insufficient according to the Sydney Morning Herald.
  • Deutsche Bank expects the BSP to hike rates by a quarter point to 5% this week due to broad-based price pressures.
  • Both Australia and the Philippines face inflation that is cooling too slowly to justify a pause in tightening cycles.

Sources

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Curated from 3 sources. Every summary is reviewed for accuracy, but may still contain errors. We always link to original sources for verification.

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