Inflation gauge flat; more RBA cuts expected

01 July 2019

 

The RBA’s stated objective is to achieve an inflation rate of between 2% and 3%, “on average, over time.” Since the GFC, Australia’s inflation rate has been trending lower and lower and, for some years now, it has been below the RBA’s target band. Despite the RBA’s desire for a higher rate, its attempts to drive up the rate through record-low interest rates have failed to move Australia’s inflation rate...

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