Lowflation Looming Over RBA Makes Aussie Rate-Cut a Closer Call

  • Markets price in 56% chance of cut after shock inflation data
  • RBA to release decision just hours before government budget

Why the RBA Needs to Cut Rates Today

The threat of persistent weak inflation that’s engulfed much of the developed world has come to Australia, making Tuesday’s interest-rate decision a closer call than it appeared less than a week ago.

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