Mon, 02 Apr 2012 08:46:42 GMT
Softer Australian inflation may stimulate further rates reduction
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