Reported 28 days ago
In the third quarter, Australia's consumer price inflation fell to a 3-1/2-year low, with the annual rate dropping to 2.8%, partly due to government subsidies. However, core inflation remained steady, leading to expectations that the Reserve Bank of Australia may not cut rates until 2025. Despite the decline in inflation, services prices continued to put pressure on the economy, prompting a cautious outlook from financial institutions regarding timely rate cuts.
Source: YAHOO