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Inflation is easing, boosting the case for another interest rate cut in May

  • Written by John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra
Inflation is easing, boosting the case for another interest rate cut in MayDaria Nipot/Shutterstock

Australia’s headline inflation rate held steady at a four-year low of 2.4% in the March quarter, according to official data, adding to the case for a cut in interest rates at the next Reserve Bank board meeting in May.

A key measure of underlying inflation closely watched by the RBA fell to 2.9%, returning to within...

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