- Reserve Bank of Australia (RBA) leaves cash rate on hold at 1.50% for consecutive 30th months
- But cut is imminent with markets prediction of greater than 70% of rates falling by the August meeting
- Australian Bureau of Statistics (ABS) data shows CPI growth slowed to 1.3% in the year to March, well below the 2-3% RBA target
- RBA is looking for further drop in unemployment data to boost inflation, otherwise it may cut rates
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