Falling Inflation Signals Possible Interest Rate Pause

Falling Inflation Signals Possible Interest Rate Pause
A woman pays a fruit vendor in a market in Melbourne, Australia, on July 23, 2013. Scott Barbour/Getty Images
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Australia’s inflation dropped further in July as the price growth of many consumer products stabilised, prompting economists to expect the Reserve Bank to pause its interest rate hiking cycle again in September.

Data from the Australian Bureau of Statistics (ABS) showed that the monthly consumer price index (CPI) grew by 4.9 percent in the year to July, down from 5.4 percent in June.
Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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