Australia, NZ dollars keep rally alive before inflation test

Evans said a pullback to around 6.5-6.6% was needed for the RBA to be confident that inflation would meet its 2-3% target by mid-2025 as projected. “A number significantly above that forecast would, presumably, put some doubt on the staff’s two-year path back to target and certainly see a response from the Board at the May meeting,” he added.

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