Inflation to hit three-year low, but don’t expect a rate cut: Bullock
Reserve Bank governor Michele Bullock says she will ignore data due on Wednesday that is expected to show inflation falling back into the central bank’s target band for the first time in three years, warning government energy rebates will not bring forward an interest rate cut.
Announcing the cash rate had been left on hold at 4.35 per cent, Ms Bullock on Tuesday said a near-term cash rate cut was not on the agenda, despite markets pricing a 76 per cent chance of an interest rate reduction by Christmas.
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