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Australian inflation plunges to 3.2%, signaling RBA rate cut

IndiaTimes Wednesday, 29 January 2025 ()
Australian inflation has eased to a three-year low of 3.2%, raising expectations for a potential interest rate cut by the Reserve Bank of Australia (RBA). This could provide relief to mortgage holders and boost government support ahead of the upcoming election. Economists anticipate the RBA may lower rates to prevent job market downturn and economic recession.
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