Failure to do so would be wrong, and highly political, given the latest inflation figures
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And just like that the Reserve Bank ran out of excuses. After the release of the December quarter inflation figures, the RBA not only should cut interest rates, but it almost certainly will. Failure to do so would be one of the most political and misguided decisions the RBA would have made in recent history.
The December quarter inflation figures released on Wednesday showed prices in 2024 rose just 2.4% – well within the RBA’s target range and the trimmed mean measure of core inflation slowed appreciably from 3.5% to 3.2%.
