RBA interest rates: the latest inflation numbers have changed the ...

Michael ReadEconomics correspondent

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Almost all the economists calling for an interest rate rise as soon as next week now concede the Reserve Bank of Australia’s next move will be a cut, after new data showed underlying inflation eased last quarter.

Trimmed mean inflation, the RBA’s preferred measure of underlying price pressures, eased to 3.9 per cent in June from 4 per cent in March, the Australian Bureau of Statistics said on Wednesday.

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