A surprise drop in inflation in May has strengthened speculations about a pause on the Reserve Bank of Australia’s (RBA) aggressive interest rate hiking cycle.
However, it is still too early to conclude that inflation has been successfully tamed.
A shopper wearing a mask walks past a shop displaying sales signs during the Boxing Day sales in Sydney, Australia, on Dec. 26, 2020. David Gray/Getty Images
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Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
