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Reserve Bank tipped to cut cash rate amid growing confidence Australia’s inflation is being tamed

Market pricing implies 95% chance of quarter point drop to 3.85%, but there’s also speculation of surprise bumper half percentage point cutGet our breaking news email, free app or daily news podcastThe Reserve Bank is expected to cut the cash rate on Tuesday, easing pressure on indebted households grappling with high living costs and elevated mortgage repayments.Market pricing implies a 95% chance the level will fall by a quarter point to 3.85%, amid growing confidence that inflation is being tamed.Sign up for Guardian Australia’s breaking news email Continue reading...

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