Meanwhile, in the U.S., stock indexes continued marginally higher on Friday, supported by weaker - than - expected consumer price data for July. (cnbc.com)
(a) Average of nominal interest rates on outstanding loans (fixed and variable); pre terms of trade boom average is 1993/94 — 2002/03; year - ended observation is the June quarter 2016 average (b) Consumer price data exclude interest charges prior to September quarter 1998 and deposit & loan facilities to June quarter 2011, and are adjusted for the tax changes of 1999 — 2000 (c) Pre terms of trade boom average is 1997/98 — 2002/03 (rba.gov.au)
A trigger for this was the release of consumer price data which showed a significant increase for the month of May, reducing market concerns about deflation. (rba.gov.au)