What the latest inflation data means for interest rate cuts | The Business [Video]

The ABS monthly inflation indicator held steady in February at 3.4% for the third month in a row, prompting the share market to rise on anticipation the Reserve Bank will cut interest rates later this year. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2024-03-27/auction-houses-sell-aboriginal-art-no-royalties/103542626

The chief economist of Barrenjoey Capital Partners, Jo Masters, says confidence is growing that inflation is moderating at a pace, which barring an unforeseen shock, will allow the RBA to cut rates in late 2024.

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