Wednesday, March 29, 2023

Inflation dips to 6.8pc in the year to February. Could the Reserve Bank now freeze interest rates at April 4 meeting?

The rising cost of living has plunged many households into crisis over the past year especially with surging mortgage repayments from higher interest rates.

But could inflation now be at a turning point to allow the Reserve Bank to consider pausing it's so-far aggressive rate rising strategy?

Official figures out this lunchtime show monthly inflation is beginning to ease - down to 6.8pc in the year to February.

But will that be enough for an interest rates "freeze" at next week's Reserve Bank board meeting? 

My analysis on The World Today

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