Sticky domestic inflation may push rate cuts off table until 2025

Inflation is still above the central bank's target range. (Image: Getty)

Wed, 17 Apr 2024

Annual inflation has cooled but sticky domestic inflation might keep rates cuts off the table until 2025.March quarter data showed that annual inflation was 4% versus 4.7% in the December quarter, still well above the central bank's target range of 1% to 3%. The consumer price index (CPI) lifted 0.6% on quarter. Domestically driven non-tradeable inflation remained high at an annual 5.8%. On quarter, the non-tradeable inflation lifted 1.6%. Most economists say this will worry the central bank. Meanwhile,...

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