0143 GMT - While Australia's slightly softer-than-expected consumer price index report for February is encouraging news, it doesn't rule out a further rate hike by the central bank in May, says David Bassanese, chief economist at BetaShares. To be sure, it's likely that the 1Q26 inflation report next month will be uncomfortably high, leaving the RBA under pressure to raise rates again in May, he adds. News of a possible peace deal in Iran can't come quickly enough, Bassanese adds. (james.glynn@wsj.com; X @JamesGlynnWSJ)
(END) Dow Jones Newswires
March 24, 2026 21:43 ET (01:43 GMT)
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