Room for a greater rate cut?

Given yesterday's CPI print the Reserve Bank will be comfortable cutting the cash rate in May, and speculation will mount that it could do so by 50 basis points.

Property Observer

For months the Reserve Bank of Australia has said it would patiently wait for the consumer price data to confirm that the door was open to rate cuts. It got unambiguous affirmation of that reality from the ABS at 11.30am on Tuesday.

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