
According to the latest data from the Australian Bureau of Statistics, the monthly inflation rate in Australia rose slightly to 2.3% in November.
Meanwhile, Australia’s inflation remained stable at 2.1% in October but is expected to show a slight increase for November.
The Reserve Bank of Australia is actively working to maintain inflation within its target range of 2% to 3%. Reserve Bank governors are scheduled to meet in February to discuss monetary policies.
Economic experts anticipate a potential interest rate cut during the upcoming meeting. Such measures aim to balance inflation control and support economic growth in both nations.