Inflation data isn’t all sunshine and rainbows for Labor – as Biden and Democrats will attest
Inflation data isn’t all sunshine and rainbows for Labor – as Biden and Democrats will attest
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Author: Jonathan Barrett Senior business reporter
Published: Jan, 29 2025 14:00
While a pre-election rate cut is widely seen as positive for incumbent governments, it doesn’t necessarily represent a path to victory in itself.
The Reserve Bank of Australia is designed to be independent of government, but that does not mean its decisions do not have political consequences.
After Wednesday’s better-than-expected inflation reading, there is now broad consensus among economists that the RBA will cut interest rates next month.
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