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AAP
AAP
Business
Jacob Shteyman and Andrew Brown

Inflation surprise all but confirms end to rate hikes

Inflation RBA Reserve Bank Charu Chanana Taylor Nugent
Most economists expect the Reserve Bank to keep the cash rate on hold at its February meeting. (Bianca De Marchi/AAP PHOTOS)

The fastest monetary tightening cycle since the 1980s appears to be over after a surprisingly low inflation readout reinforced the case for an end to interest rate hikes.

The Australian Bureau of Statistics on Wednesday reported the monthly consumer price index for November slowed to 4.3 per cent, the lowest level since January 2022.

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