Economy

Jul 24, 2013

Don’t be too sure ‘rate cut looms’ off the back of today’s CPI

While inflation overall is flat, there are a couple of signs the RBA won't be sufficiently satisfied to go for one more rate cut. Glenn Dyer and Bernard Keane report.

Reserve Bank of Australia

After this morning’s CPI data from the Australian Bureau of Statistics, brace for much “rate cut looms” speculation until the next Reserve Bank board meeting on August 6. The June quarter consumer price index came in a touch lower than forecast at 0.4% (from the March quarter) for an annual rate of 2.4% — down from 2.5% in the March quarter.

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