Ultima MarketsDespite economic weakness, Australia may continue to experience market hotspots...

On Tuesday, the Reserve Bank of Australia（Reserve Bank of Australia）Marion, Head of Economic Analysis-Kohler（Marion Kohler）Reiterating that although inflation has slightly fallen, it is still hovering at high levels. He added that it will take some time for the inflation rate to recover 2-3% The goal depends on the future economic development. In his speech, Kohler also mentioned that due to weak domestic and global economic growth, he expects the inflation rate to drop to the target value only next year.

Last week, the Bank of Australia maintained interest rates at 12 Annual high level4.35%And if necessary, it may further raise interest rates. At the policy meeting, the Bank of Australia lowered its economic expectations, mainly due to weak consumption, rising debt costs, and signs of easing in the job market.

As for the economy, driven by the slowdown in the service industry, Australia 1 The business prosperity in the month further weakened. According to data released by the National Bank of Australia, 1 The business situation in the month has declined to +6Below +7 The average level of. As of the time of publication, the Australian dollar has fallen against the US dollar 0.06% to 0.6526。

(Overview of Australian Business Prosperity

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