Australia’s inflation steady with further possible rate cuts while New Zealand lowers rate to 3.25%

Australia keeps room for more rate cuts as inflation sticks, while New Zealand’s Reserve Bank trimmed its benchmark rate by 25 basis points to 3. 25%. The Australian Bureau of Statistics said on Wednesday that the monthly consumer price index in April rose 2. 4% from a year earlier, the same pace as in March and a […] source: https://www.cryptopolitan.com/australia-inflation-holds-new-zealand-rate/