Inflation's steady pace quashing prospects of a rate hike
Wages pressure remains an unknown variable but most indicators, including stabilised inflation, suggest the cycle of interest rate rises has come to an end.
Inflation is falling and wages are showing signs of a recovery, leaving the RBA with a delicate balancing act. (Image source: Shutterstock.com)
The latest inflation figures for January show that inflation has stabilised, further reinforcing expectations that the extended period of interest rate hikes has come to an end.
Australian Bureau of Statistics data released Wednesday (28 February) will come as some relief to borrowers, with the inflation rate coming in at 3.4 per cent for the 12 months to January 2024.
This was the same as the increase for the 12 months to December 2023, but do…
