Analysis
Ugly CPI data shows why rate cuts are a distant prospect
CPI report suggests fears about sticky inflation are becoming a reality, leaving the RBA board’s decision last month to abandon its stated tightening bias looking premature.
Michael ReadEconomics correspondent
The boffins at the Reserve Bank of Australia may have gotten a bit ahead of themselves.
Wednesday’s stronger-than-expected March quarter CPI report suggests fears about sticky inflation are becoming a reality, leaving the RBA board’s decision last month to abandon its stated tightening bias looking premature.
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