Hopes of Rate Cut After Inflation Slows

Economists tip July rate cut as inflation continues to ease

SBS Finance Editor Ricardo Gonçalves speaks with Harry Murphy Cruise from Oxford Economics about what's driving inflation lower and what it means for interest rates while Michael McCarthy from moomoo takes a look at the day on the sharemarket including Virgin Australia's second day on the ASX and another record for the Commonwealth Bank.

Hopes of rate cut after inflation slows

New inflation data has raised hopes for a rate cut from the Reserve Bank next month.

Shock inflation drop boosts rate-cut hopes

By Andrew Brown and Jacob Shteyman in Canberra A surprise fall in inflation has boosted hopes of an interest rate cut after a key measure dropped to its lowest level in nearly four years. Data from the Australian Bureau of Statistics on Wednesday showed headline inflation fell from 2.4 per cent to 2.1 per cent in May. The monthly figures also showed a sharp drop in trimmed mean inflation, which removes volatile price rises, from 2.8 per cent to …

Rate cut appears near-certainty after surprise inflation data

An interest rate cut in just two weeks' time is appearing increasingly likely after underlying inflation slowed to its lowest level in three-and-a-half years.New data released by the Australian Bureau of Statistics this morning showed the monthly consumer price index slowed to 2.1 per cent in May, down from 2.4 per cent in April and right towards the bottom of the RBA's target range.It is also well below the market expectations, which had penci…

Major bank’s rate cut call after inflation dip

In welcome news for mortgage holders, a major bank has declared a July rate cut is a done deal on the back of weaker than expected inflation figures.

Inflation tumbles in May, lifting chance of rate cut

Inflation fell to its equal-lowest rate in almost four years last month as the rental market cooled and construction cost pressures moderated.