The ABS monthly inflation indicator held steady in February at 3.4% for the third month in a row, prompting the share market to rise on anticipation the Reserve Bank will cut interest rates later this year. Subscribe: [ Ссылка ] Read more here: [ Ссылка ]
The chief economist of Barrenjoey Capital Partners, Jo Masters, says confidence is growing that inflation is moderating at a pace, which barring an unforeseen shock, will allow the RBA to cut rates in late 2024.
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