AUD MI Inflation Expectations May 2026: Cooler Print Supports RBA?

TL;DR

Australia's MI Inflation Expectations for May 2026 dropped to 5.6%, beating the forecast of no explicit number provided and falling from the previous 5.9%. This cooler-than-expected print could support the Reserve Bank of Australia (RBA) in pausing rate hikes, potentially weakening the AUD against currencies like the USD. Watch AUD/USD.