The new inflation figures published on Wednesday may be decisive for the Reserve Bank as it weighs a February interest rate cut. The outcome for the December quarter is the last substantial economic update before the rate meeting on February 18,

A larger than expected drop in inflation data has boosted the chances of an interest rate cut as soon as February.

Japan’s consumer price growth picked up in December, adding to evidence of steady inflation just hours before the central bank announces its rate decision.

Australia’s core inflation eased by more than expected in the final three months of 2024, opening the door to an interest-rate cut as soon as next month and sending the currency lower.

A Reserve Bank rate cut is on the cards for February after underlying inflation for the December quarter came in below expectations.