Reported 3 months ago
Australia's core inflation has unexpectedly slowed, raising expectations for a potential interest rate cut by the Reserve Bank. The trimmed mean inflation rate fell from 4% to 3.9%, and the consumer price index increased by 3.8%. This easing trend suggests that the bank may be on track to reach its inflation target by late next year without further action. As a result, market participants are adjusting their strategies, with a notable decrease in bond yields and a shift towards anticipating a rate cut in December.
Source: YAHOO