News Snapshot:
“Both the retail trade and monthly CPI indicator releases could make or break the case for the RBA to hike or pause at their upcoming meeting.” Consensus indicates the monthly CPI indicator will slow to 7.2 per cent from 7.4 per cent in February, weighed by a usual seasonal decline in travel prices. CBA expects inflation will ease to 6.9 per cent while NAB is in line with consensus. “What the services subcomponents say about inflation trends will be as important as the headline given the limitations of the monthly indicator,” NAB economist Taylor Nugent said. Economists across the big...
