Australia’s inflation at 1.4%
04 May 2015 by News Desk
The Reserve Bank of Australia is expected to cut interest rates as inflation stays below forecast.
As the annual rate of inflation remains below the Reserve Bank’s two to three per cent target, the RBA has an opportunity to cut the national interest rate.
Consumer prices rose 0.3 per cent in April, following a 0.4 rise in March. However, the annual rate of inflation was 1.4 per cent in April, the fifth consecutive month it was below two per cent.
Darrell Todd, CEO of thinkingaustralia, says: “”Low inflation is good news for workers and their families. The current economic environment would point towards an interest rate cut by RBA to two per cent.”
