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Australian Economy: Anticipated RBA Rate Cut Following Inflation Drop

Inflation Trends Signal Easing Pressure

Recent economic data points to a notable easing in Australia's inflationary pressures, signaling a potential shift in monetary policy. For the second consecutive quarter, the country's inflation rate has fallen into the Reserve Bank of Australia's (RBA) target range of 2% to 3%. This marks a significant milestone, indicating that the measures taken to curb inflation are beginning to bear fruit.