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Lower inflation in the December quarter boosts chances of an interest rate cut

  • Written by John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra
Lower inflation in the December quarter boosts chances of an interest rate cutChameleonsEye/Shutterstock

Australia’s headline inflation rate dropped to a three-year low of 2.4% in the December quarter, according to the Consumer Price Index, adding to pressure for an interest rate cut by the Reserve Bank as soon as next month.

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