Australia's inflation rate has decreased to 4.1 percent in the December quarter, down from 5.4 percent in the previous month, with prices rising just 0.6 percent over the same period. This decline is lower than expected and is the lowest level in two years, sparking optimism that the Reserve Bank of Australia (RBA) may not increase rates in its next meeting and could even consider cutting interest rates in the coming months. Economists and analysts, including AMP Deputy Chief Economist Diana Mousina, suggest that the RBA is on track to potentially reduce interest rates by mid-year.
Australia's inflation is likely to be sticky, with a rate cut likely later this year, IFM Investors says. Read this and more in today's edition of Australia Briefing with @amy_bainbridge https://t.co/KMK7NWeLCz
AMP Deputy Chief Economist Diana Mousina says the RBA should be “more or less on track” to cut interest rates by June after it was revealed the annual inflation dropped to 4.1 per cent in the December quarter. https://t.co/7wZhm3XZFy
There's optimism that Australia is winning the fight against inflation. It's hit a two-year low of 4.1 per cent, fuelling speculation the Reserve Bank could "cut" interest rates as early as May. READ: https://t.co/BTD2WJ3bG9 @CCroucher9 @ChrisKohler #9News https://t.co/3RfL7Wf9Zx
Sky News’ Tom Connell breaks down the key inflation figures after inflation fell to 4.1 per cent in the December quarter. https://t.co/osFluSiden
Inflation has fallen to its lowest level in two years, dropping to a lower-than-expected 4.1 per cent, in a development that effectively ends the chance of further interest rate rises. https://t.co/D8c1q5zbkq
Inflation has come in lower than expected, with prices rising just 0.6 per cent over the December quarter and 4.1 per cent over the past year.https://t.co/TAmxpPX6id
Inflation has fallen to 4.1 per cent from 5.4 per cent in the December quarter. https://t.co/5zBPQRbOAP
Inflation slowed to 4.1 per cent in the December quarter, further lifting hopes that the Reserve Bank will hold fire on rates again when it meets next week: https://t.co/LzOHX9r0Sr https://t.co/Naciq5mTM7
Inflation fell to 4.1 per cent in December, down from 5.4 per cent the previous month, offering hope the Reserve Bank could look to begin cutting interest rates in the coming months. https://t.co/CnQGcVuszO