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2026-05-27 12:33:13
[ANZ: Australian Inflation Lower Than Expected, Businesses Face Difficulty Passing Costs On, Interest Rates Expected to Remain Unchanged at 4.35%] (1) ANZ economists say that Australia’s overall inflation rate rose only 0.35% in April, lower than expected, suggesting that businesses may find it difficult to quickly pass on higher costs to consumers. (2) They see little evidence of a sharp rise in purchasing prices as shown in recent business surveys, and remain relatively optimistic about the overall situation, although they expect prices in more spending categories to rise in the coming months. (3) Economists point out that the cut-off mean inflation is only slightly above the upper limit of the RBA’s target range, and therefore expect the overnight cash rate to remain unchanged at 4.35%.
