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Big drop in inflation predicted ahead of announcement tomorrow - with potential consequences for interest rates 📉
Ahead of the RBA's interest rates decision today, the latest weekly survey of inflation expectations by @ANZ_Research and @RoyMorganAus has their gauge dropping to a two-year low. https://t.co/vTVUyaNz9G
Per the @FT: " The #FederalReserve will be forced to hold interest rates at a high level for longer than #markets and central bankers anticipate, according to academic economists polled by the Financial Times." https://t.co/fLtywLJtZV FWIW, I think that the #Fed should, and… https://t.co/eRPUq3qTsl
The Bank of England is expected to maintain interest rates while awaiting further inflation signals. Economists suggest the Federal Reserve will need to keep rates high for a longer period than anticipated by markets and central bankers. Inflation is projected to decrease to 3.5%, but the BoE is unlikely to reduce interest rates.