Australia Q3 Inflation Slows to 3-1/2 Year Low, Core Remains Sticky

AUSTRALIA - SYDNEY. Australian consumer price inflation slowed to a 3-1/2 year low in the third quarter thanks to government rebates on electricity and a drop in petrol, while the core measure was still sticky due to elevated services price pressures.

Overall, the report was rather mixed, leaving the Australian dollar little changed at $0.6558. Three-year bond futures were flat at 96.07, and swaps continued to imply little chance of a rate cut by the year end at just 26%.