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| Name | 'Near term rate cuts absolutely disappear' as inflation jumps | The Business | ABC News |
| Video Uploader | Video From ABC News (Australia) |
| Upload Date | This Video Uploaded At 24-04-2024 05:30:00 |
| Video Discription | Inflation in the March quarter has come in higher than expected, with prices rising by 1 per cent. Annual inflation slowed to 3.6 per cent in the year to March, down from 4.1 per cent in the 12 months to December. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2024-04-24/inflation-consumer-price-index-march-quarter-interest-rates-hecs/103757332 Forecasters are now pushing back their interest rate cut predictions to November or December, while markets are bitting the first cut will come next year. But there is some relief in sight for businesses and households with mortgages. Some economists say the revised stage three tax cuts that come into effect from mid-year are as good as one or two interest rate cuts. The Reserve Bank will hold its next meeting on interest rates on May 7. #ABCBusiness ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook: http://facebook.com/abcnews.au Follow ABC News on Instagram: http://instagram.com/abcnews_au Follow ABC News on Twitter: http://twitter.com/abcnews Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia |
| Category | News & Politics |
| Tags | Australia | abc | abc news | news | #ABCBusiness | inflation | rates | interest rates | rate hikes | cash rate | rba | reserve bank | cpi | march cpi | cost of living | rents | insurance | education fees | healthcare | rachel pupazzoni | business news | finance | finance news | Australia news | economy | economic news | Diana Mousina | amp | budget | federal budget | jim chalmers |
