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Australia's inflation rate has come within its target range, but rate cuts likely won't come anytime soon

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Summary
Nutrition label

88% Informative

Australia 's inflation rate has come within the RBA 's target range in the month of August , easing from 3.5% in July to 2.7% .

The drop puts the rate below the Reserve Bank of Australia 's target band of 2-3% for the first time since August 2021 .

A day earlier , however, the bank said it did not see that a rate cut was on the horizon for Australia .

VR Score

94

Informative language

97

Neutral language

58

Article tone

formal

Language

English

Language complexity

48

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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