On Wednesday, data released by the Australian Bureau of Statistics showed that the country's monthly consumer price index (CPI) rose 2.7% year-on-year in August, down from 3.5% in July and in line with market expectations.

On Tuesday, the Reserve Bank of Australia (RBA) continued to leave its cash rate target unchanged at 4.35%, in line with market expectations.

Australia's hold this time is mainly due to fear of rebounding inflation.

The Reserve Bank of Australia has stated that if the inflation rate does not reach the target range of 2-3% by the end of 2025, it will act without hesitation.

The data shows that Australia's CPI increased by 4% year-on-year in May, higher than expected by 3.8% and also higher than last month's 3.6%. This is the third consecutive month that inflation in Australia has exceeded expectations.

On Tuesday, the Reserve Bank of Australia (RBA) maintained interest rates unchanged as expected by the market. This is the fifth consecutive time that the central bank has maintained interest rates at 4.35%.

On Tuesday, the Australian dollar recorded a two-week low against the Canadian dollar after the Australian Federal Reserve held the cash rate at a 12-year high at its March meeting..35%, in line with market expectations。

On Tuesday, the Australian dollar rose slightly against the Japanese yen following policy decisions by the central banks of Japan and Australia.。

On Wednesday, the AUD / CAD exchange rate rose to a one-week high after data showed that Australia's GDP growth was lower than expected and the results of the Bank of Canada's March policy meeting were released.。

According to the minutes of the RBA's February policy meeting, the central bank needs more time to ensure inflation slows before it can rule out further rate hikes.。

The RBA is expected to cut interest rates by only 36 basis points this year.。Futures data suggest rate cut may not take until August or September。

The Australian dollar traded close to 0 against the Canadian dollar on Monday.With a new two-week high of 8824, market participants turned their focus to the minutes of the Federal Reserve Bank of Australia's February policy meeting for more insight into the central bank's thinking.。

Futures markets expect the Federal Reserve Bank of Australia to cut interest rates by 36 basis points this year, with a 70% chance of an August rate cut。

The euro / Australian dollar pair weakened on Tuesday after the RBA warned that further monetary policy tightening could not be ignored as inflation remained high and the cost of services fell not rapidly enough.。

RBA Governor Michele Bullock stressed the importance of getting inflation to the target range at a press conference, arguing that the risks are balanced.。

RBA announces policy rate at 12-year high 4.35% unchanged, in line with market expectations, and suggests that a further slowdown in inflation will raise the threshold for further rate hikes, but does not rule out the possibility of further rate hikes。

Data from the Australian Bureau of Statistics on Wednesday showed that the consumer price index (CPI) rose 5% year-on-year in the third quarter..4%, exceeding market expectations of 5.3%。The latest data greatly increases the risk of the RBA raising interest rates next month。

On May 18, the Australian Bureau of Statistics released Australia's April quarter-adjusted unemployment rate.。The data shows that the data recorded 3.7%, higher than the expected value of 3.5%, the first rise in the year。

On the morning of April 11, Australia's April Western Pacific Consumer Confidence Index was released at a monthly rate of 0.0%, expected 0.8%, the published value is 9.4%, far exceeding expectations, the highest since June 2022。

On Tuesday, the Reserve Bank of Australia (RBA) announced a pause in rate hikes, keeping the policy rate at 3.6 per cent, the first major developed country central bank to suspend interest rate hikes since the banking crisis。