Reported about 18 hours ago
Australia's core inflation rate has decreased, indicating easing underlying price pressures, despite a slight increase in overall consumer price inflation driven by soaring electricity costs. Economists now see a 64% chance of an interest rate cut in February, as the trimmed mean measure of core inflation dropped to 3.2%, nearing the Reserve Bank of Australia's target range. The steady labor market and declining job vacancies further support potential rate cuts, making it easier for the Labor government to call an early election.
Source: YAHOO