Soft Inflation data delays likelyhood of OCR raises

Official Cash Rate

Soft Inflation data delays likelyhood of OCR raises

By Jason 0

Soft inflation data out today with the annual CPI coming in @ just 0.8% for 2014.  The December quarter number was -0.2%. With inflation running at nil the likelyhood of OCR raises in the near future diminishes significantly. As a result floating interest rates could well remain lower for longer.