Inflation rise won’t deter RBA rate cut in November, says AMP Deputy Chief Economist | The Business

AMP deputy chief economist, Diana Mousina, says that significant rises in electricity prices and food in the month of August have contributed to a slight uptick in headline inflation. But she says underlying inflation is broadly in line with the Reserve Bank’s forecast, and is likely to continue to fall. Diana Mousina says AMP’s forecast is that interest rates are likely to remain on hold until November when the board is likely to lower the cash rate for the fourth time this year. She says the board will want to see the September quarter inflation data due to be released in October.
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