Original article by Emma Rapaport
The Australian Financial Review – Page: 29 : 29-Nov-22

The latest monthly inflation data will be released on Wednesday. Catherine Birch from the ANZ Bank expects the data to show that the headline inflation rate rose from 7.3 per cent in September to 7.8 per cent in October. Birch also forecasts that the Reserve Bank’s preferred measure of trimmed mean inflation will rise from 5.4 per cent to 5.9 per cent. The ANZ expects the quarterly headline inflation rate to peak at eight per cent in the final three months of 2022 and remain above the central bank’s target range of 2-3 per cent until the end of 2024. It also anticipates that the Reserve Bank will begin to ease monetary policy in November 2024.

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AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, RESERVE BANK OF AUSTRALIA