0200 GMT - The Reserve Bank of Australia likely has "little reason" to ease its hawkish monetary-policy stance, Moody's Analytics' Sunny Nguyen says in commentary. Australia's non-tradable inflation is still hovering near 5%, rents are edging higher, and the oil shock stemming from the Middle East conflict has yet to hit the March inflation data, the head of Australia Economics says. Also, the Australian Bureau of Statistics was unusually pointed in noting that fuel prices fell 'prior to the Middle East conflict,' she says. "That framing is deliberate," Nguyen says. "March will be a very different story," she says, adding Australia's headline inflation could spike toward 4.5%. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 24, 2026 22:00 ET (02:00 GMT)
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