Inflation in the March quarter has come in higher than expected, with prices rising by 1 per cent. Annual inflation slowed to 3.6 per cent in the year to March, down from 4.1 per cent in the 12 months to December. Subscribe: [ Ссылка ] Read more here: [ Ссылка ]
Forecasters are now pushing back their interest rate cut predictions to November or December, while markets are bitting the first cut will come next year.
But there is some relief in sight for businesses and households with mortgages.
Some economists say the revised stage three tax cuts that come into effect from mid-year are as good as one or two interest rate cuts.
The Reserve Bank will hold its next meeting on interest rates on May 7.
#ABCBusiness
ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
For more from ABC News, click here: [ Ссылка ]
Watch more ABC News content ad-free on ABC iview: [ Ссылка ]
Go deeper on our ABC News In-depth channel: [ Ссылка ]
Like ABC News on Facebook: [ Ссылка ]
Follow ABC News on Instagram: [ Ссылка ]
Follow ABC News on Twitter: [ Ссылка ]
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia
![](https://i.ytimg.com/vi/13_k1AfiEcM/maxresdefault.jpg)