Australian inflation drops within the RBA’s target band for the first time since October 2021, but sticky services prices could be a concern. The Aussie and Kiwi dollars are down about 1% after hitting fresh 2024 highs yesterday. Services inflation also remains sticky in Japan.

In part two of a bonus Deep Dive interview on China’s stimulus drive, ANZ Chief Economist for Greater China Raymond Yeung explains the risks of not doing more, including the prospect of a Japan-style ‘lost decade’.

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