Australian consumer price inflation slowed more than expected in May, while the closely watched core measure eased to three-and-a-half-year lows in a boost to the case for a rate cut just next month. The slowdown in the core gauge prodded investors to ramp up bets for a rate cut from the Reserve Bank of Australia in July to 90%, from 81% before. For all of 2025, another three rate cuts have been fully priced in. Three-year bond futures rose 2 ticks to 96.74, while the Australian dollar held earlier gains of 0.2% at $0.6504. Data from the Australian Bureau of Statistics on Wednesday showed the monthly consumer price ... (full story)