Australia's inflation unexpectedly heats up in April, and the Reserve Bank of Australia's “higher for longer” argument is once again supported

Australia's inflation in April was faster than expected, which indicates that price pressure is still strong and provides support for the Reserve Bank of Australia to keep interest rates at a 12-year high next month.

Zhitong Finance23:06 ET

Australia's Elevated Inflation Suggests RBA to Extend Rate Pause

Australia’s inflation came in faster than expected in April, suggesting price pressures remain stubbornly strong and bolstering the case for the Reserve Bank to keep interest rates at a 12-year high next month.

BNN Bloomberg21:55 ET

Australia's Monthly CPI Inflation Rises to 3.6% YoY in April Vs. 3.4% Expected

Australia’s monthly Consumer Price Index (CPI) increased at an annual pace of 3.6% in the year to April, having risen 3.5% in March, data published by the Australian Bureau of Statistics (ABS) showed Wednesday.

FXStreet21:32 ET

Major Headwinds for Australian Economy Starting to Ease, Says Westpac

A key leading indicator of the Australian economy suggests a lot of the headwinds that slowed the commodity-rich country over recent years are beginning to ease.

WSJ20:39 ET

Pound Nears Multi-Year High Versus Peers as Traders Turn Bullish

The pound is nearing its strongest level in years against two of its major counterparts as traders ratchet up bets that the Bank of England will keep interest rates on hold for longer than peers.

BNN BloombergMay 28 05:31 ET

Australian April Retail Sales Remain Soft

Continuing a soft pattern, Australian retail sales rose a modest seasonally adjusted 0.1% in April from March, reported the Australian Bureau of Statistics (ABS) on Tuesday.

MT NewswiresMay 28 04:28 ET