Why Wall Street's plunge firms case for interest rate cut but RBA will likely ignore
Source: ABC News
With little risk of inflation spiking higher, the RBA could comfortably move to cut interest rates on Tuesday. But it's highly unlikely to do so, and it's worth exploring why.
Global investment bank JP Morgan perhaps put it best in a note to clients and the media this week titled "Australian CPI: Under control".
Domestic inflation does appear to be under control. The prices of particularly sticky items in the basket measur… [9895 chars]