RBA may cut interest rates in February if December CPI data shows inflation below forecasts.

The Reserve Bank of Australia (RBA) may cut interest rates in February, depending on the upcoming inflation data from the Australian Bureau of Statistics' (ABS) December quarterly consumer price index (CPI) update. Economists at ANZ predict the trimmed mean inflation will be 0.5% quarter-on-quarter, leading to an annual figure of 3.2%, below the RBA's forecast of 3.4%. This could prompt rate cuts, though NAB economists suggest the RBA might wait until May to assess the labor market and economic activity.

2 months ago
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