Original article by Greg Brown, David Rogers
The Australian – Page: 1 & 4 : 30-Jan-25
Treasurer Jim Chalmers says a ‘soft landing’ for the Australian economy is becoming "more and more likely" following the release of CPI data for the December quarter. The headline inflation rate fell 0.4 per cent to 2.4 per cent in the year to December; the Reserve Bank’s preferred measure of underlying inflation eased to 3.2 per cent, below the central bank’s own expectations of 3.4 per cent. Three of Australia’s four major banks now expect an official interest cut in February. However, Warren Hogan from Judo Bank says the economic case for a rate cut is very weak; he notes amongst other things that core inflation remain above the RBA’s target range of 2-3 per cent, while the cost-of-living crisis is still a major issue for many Australians.
CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, RESERVE BANK OF AUSTRALIA, JUDO BANK PTY LTD