Spinning Australia Into Oblivion!

Earlier in the week we got the latest monthly release from the ABS on inflation, which I briefly covered in the economic update show earlier. These figures are part of a new series that will eventually replace quarterly inflation data which remains the RBA’s benchmark release for now. In a speech last Tuesday, Michael Plumb, the bank’s head of economic analysis, said the RBA will continue to focus on the quarterly reports for forecasting and assessing underlying inflationary pressures. He added that it will take policymakers some time to “understand the properties and seasonal patterns” of the monthly numbers. His […]