Learn more

SYDNEY (Reuters) -Australian consumer price inflation slowed more than expected to a two-year low in the fourth quarter, while a sharp deceleration in core inflation prompted markets to bring forward bets of rate cuts. The price data would be a welcome relief for the Reserve Bank of Australia as it prepares to deliver its first policy decision of the year next Tuesday. Financial markets are certain the tightening cycle is over and that the next move would be down. Futures rallied to imply around an even chance for the first rate cut in May, up from 30% before the data. A quarter-point cut was …

cuu