Market reacts to CPI with renewed optimism for rate of interest cuts

“That information actually simply reaffirms the case for the RBA to chop charges,” Madeline Dunk, economist at ANZ, instructed Australian Dealer. “If you concentrate on the issues that the RBA appeared to be searching for, that it signaled in its minutes, it was round what we had been going to see within the labor market, what was going to occur with inflation, after which additionally what the stats up to date forecasts had been, the market was seeing a little bit of a loosening there.