meeting next week to decide on the cost of borrowing. market analyst peter maguire says if chevron strike issues are resolved, they will have a big impact. you ve got 500 workers, two major plants and they produce around 5% of global supply. it s a major impact and certainly asia would be. ..would feel it more than anywhere else in the world. i guess it highlights that wage demands are rising despite the dip in inflation that we saw recently. what will be the impact on the central bank? as far as central bank s are concerned, we seeing hopefully with retail sales fairly strong. if that s not a bad point, normally a good point but it could further inflation, we are expecting inflation to come down. that could be a good sign next tuesday with no rate rise. but we got to wait to see how that number drops. it s coming out in a few hours. the target is 2 3%. what range are you expecting the number to come in? if you re looking at annual rate, you re looking a 5.2 forjuly, down fro
like the rest of the world. the reserve bank of australia will be holding its monthly meeting next week to decide on the cost of borrowing. market analyst peter maguire says if chevron strike issues are not solved soon, they will have a big impact. you ve got 500 workers, two major plants, and they produce around 5% of global supply. it s a major impact and certainly asia would be. ..would feel it more than anywhere else in the world. i guess it highlights that wage demands are rising despite the dip in inflation that we saw recently. what will be the impact on the central bank? as far as central bank s concerned, we seeing hopefully retail sales fairly strong. if that s not a bad point, normally a good point, but it could further inflation, we are expecting inflation to come down. that could be a good sign next tuesday with no rate rise. but we ve got to wait to see how that number drops. it s coming out in a few hours. the target is 2 3%. what range are you expecting the nu
world. the reserve bank of australia will be holding its monthly meeting next week to decide on the cost of borrowing. market analyst peter maguire says if chevron strike i55ues maguire says if chevron strike issues are resolved they will have a big impact. issues are resolved they will have a big impact. you ve got 500 workers. have a big impact. you ve got 500 workers, two have a big impact. you ve got 500 workers, two major- have a big impact. you ve got| 500 workers, two major plans and they produce around 5% of global supply. and they produce around 5% of globalsupply. it s and they produce around 5% of global supply. it s eight major impact and certainly asia would be. feel it more than anywhere else in the world. i guess it highlights that wage demands are rising despite the dip in inflation that we start recently. what will be the impact on the central bank was back as far as central banks are concerned, we seeing hopefully with retail sales fairly strong. iii ho
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