The Monthly CPI Indicator rose 6.8% in the year to February compared to Westpac’s 7.4%yr forecast and the market’s 7.2%yr. This represents a meaningful downside risk to our March CPI forecast of 1.5%qtr. In finer detail the index rose just 0.2% in February compared to our 0.8% forecast; we assume the market median would have […]
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