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WBK - Australia: Inflation's Been Mellow RBA Rate Cut Eyed
Westpac Banking Corporation
Asia-Pacific: The Week Ahead (Apr 29-May 3)
Lackluster consumer prices in Australia have spurred many in the market to think the Reserve Bank of Australia may well cut its cash rate in the near-term.
A slower-than-expected rate of inflation in the first-quarter of 2019 spurred a plunge in the value of the Australian dollar, as well as shook yields on shorter-dated government debt.
The Consumer Price Index ((CPI)) rose 1.3% year-on-year in the March quarter 2019, compared with a rise of 1.8% over the twelve months to the December quarter 2018. Overall, inflation was flat