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AAP
AAP
Business
Jacob Shteyman

Tight jobs market to keep inflation above target: RBA

RBA Inflation Reserve Bank Reserve Bank of Australia United States Australia
The fall in inflation towards the end of 2024 could imply the labour market is back in balance. (Bianca De Marchi/AAP PHOTOS)

Inflation is no longer expected to return to the midpoint of the Reserve Bank's two to three per cent target range in the foreseeable future, due to unexpected tightness in the labour market.

The central bank updated its economic forecasts on Tuesday, as the board cut rates for the first time in more than four years.

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