Opinion
Low inflation gives RBA a green light for a pre-election rate cut
Alan MitchellContributorUpdated
If the Reserve Bank is inclined to cut interest rates but is hesitant because of the election campaign, it now has the perfect excuse.
The most widely quoted measure of underlying inflation is running at an annual rate of just 1.7 per cent, which is below the RBA's target and well short of expectations.
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Alan Mitchell writes on economics, policy, and infrastructure. Alan was formerly economics editor of the Financial Review and has also worked for the ABC and The Sydney Morning Herald.
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