“Australian core consumer prices rose last quarter at the slowest pace since 1998, driving the currency and bond yields lower as investors increased bets the central bank will resume cuttinginterest rates next week.
The so-called trimmed mean gauge of core prices advanced 0.3 percent from the previous quarter, the Bureau of Statistics said in Sydney today, the lowest rate since the third quarter of 1998. The consumer price index rose 0.1 percent from the previous three months, compared with 0.6 percent forecast in a Bloomberg News survey, as banana prices slipped 60 percent…”
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