More responses to the Australian CPI data (here's one bank looking for 2 RBA cuts in 2017)

The Q4 inflation data is here

Also, this:

• Australian Q4 CPI - analyst responses

And, from WPAC earlier today:

• Rates are likely to remain on hold over the course of 2017

Now, this from JP Morgan, who have revised their call on the Reserve Bank of Australia policy outlook

• They were looking for rate cuts in February and May
• Now saying the Bank will cut in May and August
• On today's CPI result, its weak but will not prompt an immediate (i.e. February) RBA response