Wednesday, April 28, 2021

Soft inflation confirms slow recovery, endorses RBA's low rate commitment. But for how long?

The official measure of consumer prices has risen by less than expected, with inflation of 0.6 per cent over the three months to March. 

The ABS data show prices rose an average of just 1.1 per cent over the past year. 

ABC's Peter Ryan says the outlook for soft inflation confirms the Reserve Bank's commitment to key the cash rate at 0.1 percent until 2024. 



No comments:

Post a Comment

What's your view on this?