Does Australia’s higher-than-forecast 3.6% inflation dash hopes for an interest rate cut?

The March-quarter figure makes a cut less likely. Still, the Reserve Bank will probably give more weight to how quickly it can get to its target range

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A higher-than-forecast inflation result for the March quarter (and March itself) wasn’t the news Australian borrowers or the Albanese government had been wishing for.

Disappointment, however, needn’t usher in panic spasms either.

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