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Record low inflation reading puts pressure on the Reserve Bank to cut interest rates

Record low inflation reading puts pressure on the Reserve Bank to cut interest rates

The Reserve Bank is under more pressure to cut interest rates after inflation fell further below its target band.

  • Shared by the ABC
  • April 26, 2019
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Core inflation —an average of the trimmed mean and weighted median measures and regarded as the RBA's preferred inflation measure — came in at 1.4 per cent over the year, the weakest reading since the series started in 2003.

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