Inflation falls, opening door for Feb. rate cut

December inflation figures set to make or break February rate cut, with government watching on
The new inflation figures published on Wednesday may be decisive for the Reserve Bank as it weighs a February interest rate cut. The outcome for the December quarter is the last substantial economic update before the rate meeting on February 18,
Australia’s Inflation Eases, Opening Door to Interest-Rate Cuts
Australia’s core inflation eased by more than expected in the final three months of 2024, opening the door to an interest-rate cut as soon as next month and sending the currency lower.
‘Great news for Australians’: Latest inflation numbers could lead to interest rate drop
News Corp Senior Writer Patrick Carlyon breaks down the latest data concerning Australia’s inflation numbers. “This is great news for Australians,” Mr Carlyon told Sky News host Danica De Giorgio. “These numbers do give the Reserve Bank ground to actually drop interest rates later this month.
Lower inflation in the December quarter boosts chances of an interest rate cut
Australia’s headline inflation rate dropped to a three-year low of 2.4% in the December quarter, according to the Consumer Price Index, adding to pressure for an interest rate cut by the Reserve Bank as soon as next month.
Inflation falls, opening door for February rate cut
A Reserve Bank rate cut is on the cards for February after underlying inflation for the December quarter came in below expectations.
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Inflation has gone up for the third straight month, but switching bank accounts could help protect your funds
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