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Country Focus

Australia: Hot Print, Temporary Heat?

by Felix-Antoine Vezina-Poirier, Chief Strategist  

Australian January CPI surprised slightly to the upside, but underlying inflation pressures remain modest. Headline inflation was steady at 3.8% y/y, while the trimmed mean rose to 3.4% from 3.3%. The odds of a May rate hike increased to above 70% following…

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