The economic calendar is set to deliver a series of crucial data releases in the near future, starting with New Zealand trade data. This will be followed by the release of Japanese services PPI and then Australian CPI data for both the March month and Q1.
The Australian CPI data, particularly the quarterly inflation rate, will be closely scrutinized. The inflation rate is anticipated to rise from 0.6% q/q in Q4 2023 to 0.8% q/q for Q1 of 2024. This development will keep the RBA alert and likely maintain the current cash rate. On the other hand, the y/y inflation rate is projected to decline for both the headline and core (trimmed mean) measures.
These releases will provide valuable insights into the economic conditions in these countries and may have implications for monetary policy decisions. Stay tuned for updates on these upcoming data releases and their potential impact on the markets.
