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Inflation Set to Hit RBA Target, Rate Cut Likely

4/24/2025

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Summary

Story summary

Trimmed mean inflation is anticipated to fall within the RBA’s 2–3% target range for the first time since December 2021.
March quarter CPI figures are projected to increase by 0.7-0.8%, resulting in annual inflation of 2.2-2.3%.
NAB forecasts annual trimmed mean inflation will hit the target midpoint by Q2.
A 25-basis point rate cut in May is probable if forecasts meet RBA expectations.

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Story summary

Trimmed mean inflation is anticipated to fall within the RBA’s 2–3% target range for the first time since December 2021.
March quarter CPI figures are projected to increase by 0.7-0.8%, resulting in annual inflation of 2.2-2.3%.
NAB forecasts annual trimmed mean inflation will hit the target midpoint by Q2.
A 25-basis point rate cut in May is probable if forecasts meet RBA expectations.