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2025-07-30 10:04:56
[Australia's core inflation cools, providing strong support for the RBA to cut interest rates] The latest data shows that Australia's core inflation rate cooled further in the second quarter, providing a stronger basis for the RBA to start monetary policy easing as early as August. Data released by the Australian Bureau of Statistics on Wednesday showed that the highly watched core inflation rate, excluding extreme volatility items, rose by 0.6% month-on-month in the second quarter, lower than the expected 0.7%. Year-on-year, the indicator fell from 2.9% in the first quarter to 2.7%, in line with market expectations. Because factors such as government subsidies have depressed the overall inflation data, making it difficult to truly reflect price pressures in the economy, the Reserve Bank of Australia pays more attention to core inflation indicators. The core inflation rate fell further to 2.7% this time, and entered the 2%-3% target range set by the RBA in the first quarter alone, indicating that decision makers can now gradually shift the focus of policy from curbing inflation to supporting economic growth.
