Australian inflation goes down and prospect of interest rate cut remains
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%.Continue reading...