Rate hold expectations on slowdown

Original article by Lea Jurkovic
The Australian Financial Review – Page: 4 : 28-May-26

Figures released by the Australian Bureau of Statistics on Wednesday show that the nation’s headline inflation rate declined from 4.6 per cent in March to 4.2 per cent in April, which was lower than the forecast of 4.4 per cent. Fuel prices fell by seven per cent in April after the federal government cut the fuel excise to $0.263, with Treasurer Jim Chalmers claiming that inflation would have increased to 4.7 per cent without the cut to the fuel excise, while the slowing of inflation in April has increased expectations that the Reserve Bank of Australia will leave interest rates on hold in June.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS,{SPACE]AUSTRALIA. DEPT OF THE TREASURY,{SPACE]RESERVE BANK OF AUSTRALIA

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