Australian Inflation Slows, Rate Cut Odds

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core inflation

Reuters

•

World

Australia's core inflation hits 3-1/2-year low, greenlighting July rate cut

Summary

Nutrition label

80% Informative

Consumer price inflation slowed more than expected in May , while closely watched core measure hit three -and-a-half-year lows.

Swaps now imply a 92% probability that the Reserve Bank of Australia would cut rates by a quarter -point when it delivers its policy decision on July 8 .

That was up from 81% before the data.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

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not offensive

Hate speech