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Australian inflation expected to be tame yet again
Reserve Bank governor Philip Lowe and his central bank board are convinced the next move in interest rates will be up. But Tuesday's March quarter inflation figures are likely to confirm such a move will be a long time coming. Economists expect the consumer price index to grow by 0.5 per cent in the quarter, keeping the annual rate at 1.9 per cent and just below the central bank's two to three per cent target band. Higher petrol prices and seasonal increases in education and health costs in the quarter are expected to be offset by a fall in food prices. The more interest-rate sensitive measures of underlying ... (full story)