Reported 1 day ago
Australia's core inflation has dropped more than expected, suggesting the Reserve Bank of Australia (RBA) may cut interest rates as early as next month. This decrease in inflation, measured by the trimmed mean consumer prices, fell to 3.2% in the last quarter of 2024, leading to speculation among economists that the RBA could shift towards a dovish monetary policy. While the RBA aims to bring inflation back to its target range, concerns remain about the strong labor market and potential government spending ahead of elections.
Source: YAHOO