Inflation within the March quarter has are available in greater than anticipated, with costs rising by 1 per cent. Annual inflation slowed to three.6 per cent within the 12 months to March, down from 4.1 per cent within the 12 months to December. Subscribe: Learn extra right here:
Forecasters are actually pushing again their rate of interest lower predictions to November or December, whereas markets are bitting the primary lower will come subsequent 12 months.
However there may be some aid in sight for companies and households with mortgages.
Some economists say the revised stage three tax cuts that come into impact from mid-year are nearly as good as one or two rate of interest cuts.
The Reserve Financial institution will maintain its subsequent assembly on rates of interest on Might 7.
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