What a cracking Easter weekend of weather we have had!
Been on the south coast for the last few days, enjoying a marvellous break.
Back to Sydney now, though, and raring to go.
The big news this week will be the inflation data, which will be a key determinant of where interest rates are heading to next, from their currently stimulatory level of 2.50%.
At present the CPI reading is comfortably within the desired 2-3% range at 2.6% year-on-year, suggesting that interest rates may stay on hold for some time.
However, the reading for the last quarter was 0.9% - implying an annualised rate potentially tracking above the targeted range - so an equivalently elevated reading could raise some cause for concern for the Reserve Bank Board and ultimately result in rate hikes.
Always hard to second guess these things, but my money is on a lower print than 0.9%, if not a surprise downward revision for the prior quarter (would be nice!).
Lots more to look forward as well, so see how the week pans out...!