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AAP
AAP
Politics
Poppy Johnston

Easing global inflation story takes pressure off rates

Jim Chalmers and RBA boss Philip Lowe will learn more about global inflation at G20 talks in India. (Mick Tsikas/AAP PHOTOS) (AAP)

Interest rates may have already topped out as promising signs of cooling inflation on the global stage take pressure off the Reserve Bank's tightening cycle.

Lower-than-expected inflation numbers out of the United States has prompted local markets to considerably price down the possibility of an August hike.

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