Westpac IQ
Slow grind on disinflation, RBA on hold
April 24 2024 • 5 mins
Inflation was a bit higher than expected in the March quarter. It is declining, but it has a way to go for the RBA to be confident of returning to the 2–3% target range on the desired timetable. We expect the Board to keep rates on hold in May, and have pushed out the date of the first rate cut to November this year, previously September.
By
Luci Ellis
Chief Economist Westpac Group
Markets Daily
April 24 2024
•
6 mins
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- Luci Ellis Luci Ellis
- Martin Whetton Martin Whetton
- Robert Rennie Robert Rennie
- Besa Deda Besa Deda
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20
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