Australian Treasurer Chalmers: Don’t expect inflation forecast to change markedly

Market news

26 October 2022

Australian Treasurer Chalmers: Don’t expect inflation forecast to change markedly

Australia's Treasurer Jim Chalmers said on Wednesday, the government doesn’t expect the inflation forecast to change markedly.

He added that “we expect inflation to peak around the same level at end of year.”

This comes after the Australian Consumer Price Index (CPI) rose to 7.3% QoQ in the September quarter.

Market reaction

AUD/USD remains pressured below 0.6400 amid risk-aversion, unable to capitalize on Australia’s hot inflation data. The pair is trading at 0.6388, down 0.07% on the day.

Commodities. Daily history for Tuesday, October 25, 2022

Stocks. Daily history for Tuesday, October 25, 2022

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.