Australian Quarterly Inflation Rate YoY (Q1) Y/Y 4.1% vs. Exp. 4.1% (Prev. 3.6%)
The Australian quarterly inflation rate came in at 4.1%, matching expectations but up from the previous 3.6%.
Sinopec (600028 CH) exec. says Q1 LNG import business incurred a CNY 830mln loss due to reduced supplies under term supplies and higher spot imports
RBNZ Governor Breman says the global environment continues to present headwinds, Q1 core inflation have remained stable within the 1-3% target band
Australian Quarterly Inflation Rate YoY (Q1) Y/Y 4.1% vs. Exp. 4.1% (Prev. 3.6%)
Talks over a USD 500mln US government rescue financing deal for Spirit Aviation has hit an impasse, according to Bloomberg citing sources
PBoC injects CNY 26bln via 7-day reverse repos with the rate maintained at 1.40%
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This alignment with forecasts suggests no immediate surprises for the RBA, but the increase from the prior quarter could reinforce inflationary concerns, potentially impacting future rate decisions. Keep an eye on market sentiment regarding the growth-inflation balance as this data settles in.
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