Thursday: Services inflation to worry RBA

Australian inflation drops within the RBA’s target band for the first time since October 2021, but sticky services prices could be a concern. The Aussie and Kiwi dollars are down about 1% after hitting fresh 2024 highs yesterday. Services inflation also remains sticky in Japan. In part two of a bonus Deep Dive interview on China’s stimulus drive, ANZ Chief Economist for Greater China Raymond Yeung explains the risks of not doing more, including the prospect of a Japan-style ‘lost decade’. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/