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flag Australia's core inflation falls to three-year low, likely prompting interest rate cut.

flag Australia's core inflation hit a three-year low, potentially leading the Reserve Bank of Australia to lower interest rates at its May meeting. flag The core inflation rate dropped to 2.9%, down from 3.3%, driven by slower services prices and a significant rise in electricity costs. flag This has increased market expectations for a 25-basis-point rate cut, amid growing concerns over global economic slowdown and U.S. trade tensions.

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