Australians are being warned to decrease their expectations for a number of price cuts this 12 months.
It comes because the nation grapples with a cost-of-living disaster.
The OECD says price coverage wants to stay “restrictive in most main economies for a while to come back”.
Former RBA official Paul Bloxham says cuts are a “distant prospect” and can doubtless start in 2025 to permit a cooling of demand pressures.
The warning comes earlier than the RBA’s rate of interest determination Tuesday afternoon.
