RBA Grapples With Inflation Drivers: Australia Briefing

Morning, it’s Harry right here along with your Wednesday obtain.

At present’s must-reads:
• High three inflation drivers are past RBA’s management
• Fortescue remains to be a staunch China economic system cheerleader
• Treasury Wine forks out for luxurious California label

Australian inflation is being pushed by local weather change, geopolitical shocks and authorities insurance policies — elements sometimes past the RBA’s management, boosting the probabilities of extra financial tightening as quickly as subsequent week. In the meantime, Citi’s home economics staff is fielding questions from shoppers about “potential political strain” on the central financial institution. In New Zealand, the RBNZ mentioned the full influence of its charge hikes remains to be to be seen.