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
Daria Nipot/ShutterstockAustralia’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...
