Australia inflation slows in Q1, market leans against rate hike

SYDNEY  -Australian inflation eased from 33-year highs in the first quarter as the cost of living saw the smallest rise in more than a year, while core inflation dipped below forecasts suggesting less pressure for another hike in interest rates. Investors reacted by lengthening the odds on the Reserve Bank of Australia (RBA) resuming raising … Continue reading Australia inflation slows in Q1, market leans against rate hike