Softer Australian inflation may stimulate further rates reduction

Source: Forexfactory
Weaker inflation rate in March are likely to inspire the Reserve Bank to reduce the interest rates in the nearest future. The inflation rate accelerated by 1.8% on an annualized rate last month as compared to 2% in February.  The March reading indicated that the inflation rate falls into the 2-3% range targeted by the RBA for determining further monetary policy.


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