The chances of the Albanese government getting a pre-election boost from a February rate cut have risen, according to economists, who say softer-than-expected inflation figures show price pressures are cooling.
Treasurer Jim Chalmers said inflation had been at the lower end of the RBA’s 2 to 3 per cent inflation target band for three months in a row, and unusually referred three times to bond market forecasts for a pre-election cash rate cut during a press conference, in a potential sign of the government’s growing expectations for mortgage relief.
Source: https://www.afr.com/policy/economy/inflation-lifts-to-2-3pc-as-albanese-rejects-rate-cut-responsibility-20250107-p5l2j2