There’s no convincing argument for the RBA not to cut interest rates on 12 August as economists say they are acting as a break on the economy

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There is much to like in the latest inflation figures, which dropped to 2.1% in the year to June - and even to 1.9%, if you believe the less reliable monthly version.

We have certainly come a long way in the two-and-a-half years since inflation reached nearly 8%.

Source: Guardian - World News