Sticky domestic inflation may push rate cuts off table until 2025

Sticky domestic inflation may push rate cuts off table until 2025
Inflation is still above the central bank's target range. (Image: Getty)
Rebecca Howard
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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