🇯🇵🇦🇺Australia, Japan Overshoot Central Bank Price Targets The Most: Cable FX Macro
- Rosbel Durán
- Sep 5, 2024
- 1 min read
**As seen in Online Tools > Inflation Monitor, subscribe at cablefxm.co.uk/reports
Australia, Japan and Norway overshoot their respective central bank price targets the most in the DMs. Headline inflation in Japan stands at 2.8% Y/y, however, economists expect prices to average 3.3% in 2024. Our inflation monitor table shows the price forecast is 0.4pp above the BoJ's mandate (updated)
On the other side of the spectrum, Canada and Switzerland stand below price targets as the latest Swiss inflation print was recorded at 1.1% Y/y
To get an idea of the divergence in inflation trends between similar profile countries (Japan, Australia), we can look at the inflation impulse chart. Australia stands negative while Japan is flat, both have similar inflation problems, but the former has a persistent downside price trend
Comments