Australian inflation goes down and prospect of interest rate cut remains

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Inflation has dropped from 0.5% in June to 0.4% in September, and some economists suspect that means another interest rate cut is on the cards

Inflation has slipped again, from 0.5% in June to 0.4% in September, keeping alive the prospect of another interest rate cut. But economists are split over when that may be.

Bureau of Statistics figures released on Wednesday show underlying inflation is growing at an annual rate of 1.7%. The Reserve Bank’s target is 2-3%.

Related: Reserve Bank governor says business expectations could hold down inflation

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view The Guardian: Economics
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#interest rates australia
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