Inflation takes a tumble, with an interest rate cut now appearing certain
The latest eagerly awaited inflation data has shown a bigger than expected fall and delivered a forceful message to the RBA, which is now widely expected to lower interest rates in February.
Inflation has taken a bigger than expected fall in data released today, placing more pressure on the Reserve Bank of Australia to cut interest rates on 18 February.
The most politically sensitive data released by the Australian Bureau of Statistics (ABS) in some years, with an election looming and mortgage holders under stress, showed a larger than expected fall in trimmed mean inflation, the measure watched most closely by the RBA.
Annual trim…