The March-quarter figure makes a cut less likely. Still, the Reserve Bank will probably give more weight to how quickly it can get to its target rangeGet our morning and afternoon news emails, free app or daily news podcastA higher-than-forecast inflation result for the March quarter (and March itself) wasn’t the news Australian borrowers or the Albanese government had been wishing for.Disappointment, however, needn’t usher in panic spasms either.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…
Source link : https://www.theguardian.com/australia-news/2024/apr/25/does-australias-higher-than-forecast-36-inflation-dash-hopes-for-an-interest-rate-cut
Author : Peter Hannam
Publish date : 2024-04-25 00:00:09
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Does Australia’s higher-than-forecast 3.6% inflation dash hopes for an interest rate cut?
