Australia’s Core Inflation Hits 3-Year Low, Raising Hopes For Interest Rate Relief
Australia’s core inflation dropped to a three-year low in the first quarter as prices in the services sector cooled, leading to the possibility of an interest rate cut in the coming weeks. RBA rate cut in the offing? Investors expect the Reserve Bank of Australia (RBA) to reduce rates by 0.25% on May 20, as … Read more