RBA head economist Hunter says agrees with the Australian Treasury’s inflation forecast

Reserve Bank of Australia Assistant Governor (Economic) Hunter:

• We agree with the Treasury forecast on inflation
• CPI confirmed there was strength in some price sectors
• The RBA Board is clearly focused on inflation staying out of the band, clearly there is strength in inflation
• Wages growth in around its peak

more to come

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Some notes.

The latest inflation data from Australia was released yesterday (monthly reading)

• ForexLive Asia-Pacific FX news wrap: USD added to Tuesday gains (links to the data and analysis in here)

This article was written by Eamonn Sheridan at www.forexlive.com.