Opinion

It’s a long and winding path that leads to a rate cut

But the reality remains that there is still some way to go as the RBA balances the challenge of reducing inflation while keeping the economy ticking.

Stephen MillerFormer adviser to Paul Keating

Apr 1, 2024 – 1.19pm

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The February monthly consumer price index indicator last week continued the run of marginally better than expected inflation reads.

The result will be welcomed by the Reserve Bank of Australia as being consistent with, and even a tad better than, the projected path of decline to the target band of between 2 per cent and 3 per cent inflation.

Stephen Miller is an investment strategy advisor to GSFM and formerly a Treasury officer who served on the personal staff of the then-treasurer Paul Keating from 1985 to 1987.