In Australia, the main inflation indicators cooled down in November, with a 70% possibility of interest rate cuts in February.
An important indicator of inflation in Australia decreased in November, approaching the Reserve Bank of Australia's target Range, indicating that policymakers may have room to consider easing MMF policy sooner. Data released by the Australian Bureau of Statistics on Wednesday (January 8) showed that the closely watched November core CPI trimmed mean fell from 3.5% the previous month to 3.2%. This Indicator excludes volatile items and is a focus for the Reserve Bank of Australia. Following the data release, the Australian Dollar to US dollar Exchange Rates slightly fell. The sensitive three-year government bond yields also dropped, while the benchmark stock index rose.
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