Australia Inflation Expected To Slow - TD Securities

Consumer prices in Australia are expected to have decelerated in April, the latest survey from TD Securities and the Melbourne Institute showed on Monday. Inflation is forecast to have slowed to 0.3 percent on month after it was called at 0.4 percent in March. On a yearly basis, consumer prices are tipped to slow to 1.4 percent from 1.5 percent in the previous month. The data further fuels speculation that the Reserve Bank of Australia may act to cut interest rates in the near term.

News are provided by InstaForex