Australian Inflation Plunge Beckons More Accommodation

[kreslik.news]

This article was written by Idan Levitov. Idan is the VP trading for anyoption.com.

After extensive efforts to revive inflation and the domestic economy outside of the mining and minerals sector, Australian policymakers are expected to continue cutting interest rates after inflation tumbled back into negative territory on a quarterly basis.

The latest data released by the Australian Bureau of Statistics underlines the fact that the outlook for the country remains fraught with downside risks amid slowing Chinese growth and weaker global trade.

Additionally, the latest figures add to growing evidence of another imminent action from the Reserve Bank ... (read more)