Australia’s core inflation has slowed to 2.4% in the last quarter of 2024, which is more than expected, leading financial markets to predict a greater than 90% chance of a rate cut when the Reserve Bank makes its next decision on Feb. 18. According to the Australian Bureau of Statistics (ABS) report released on Wednesday, the annual trimmed mean measure …
Read More »RBA Interest Rate Cut Back In Focus Ahead Of Key Inflation Report
The chance of the Reserve Bank of Australia (RBA) cutting interest rates for the first time in over a year is back in focus, with an important inflation report due on Wednesday that will likely impact the week’s economic outlook. The RBA’s board will meet on Feb. 3 and 4. Economists at ANZ Bank expect the upcoming quarterly consumer price …
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