JP Morgan: RBA has no choice but to cut rates on Tuesday

27 April 2016

 

  Today’s low inflation quarterly print (-0.2%) - the first negative quarterly inflation figure in 7 years - has thrown a curve ball into market calculations for interest rates. The trimmed mean or underlying inflation rate is said to be the lowest ever at 1.7% year on year and well below the RBA’s target inflation band of 2.0% to 3.0%. The chief economist of JP Morgan, Sally Auld, said on...

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