Published: January 30, 2019
The current low level of inflation growth signals that the economy lacks much in the way of vigour
The latest release of the consumer price index figures yesterday by the Bureau of Statistics revealed that inflation growth remains well below the Reserve Bank’s target range and that the next move in interest rates will more likely be a cut than a raise. But whether this rate will come sooner or later depends on how much the bank wishes to spur economic activity, and for the past two years it has been content not to do so more than it already is.
Related: Housing is enough of a worry – don't scare us with warnings of rising interest rates | Greg Jericho
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