A leading economist and strategist expects the Reserve Bank of Australia will resume its rate-hiking cycle at its next meeting, despite forecasting softer inflation figures to be released today.
The Australian Bureau of Statistics will release its March quarterly inflation data at 11:30am AEST, after the monthly consumer price index for February fell for the second month in a row to 6.8 per cent, down from a peak of 8.4 per cent in December 2022.
The rate of inflation is a key piece of economic data taken into consideration by the RBA when deciding whether to lift interest rates or continue with a pause at its next meeting.
