Australia's core inflation has slowed to 2.4% in the last quarter of 2024, which is more than expected, leading financial markets to predict a greater than 90% chance of a rate cut when the Reserve Bank makes its next decision on Feb. 18.

According to the Australian Bureau of Statistics (ABS) report released on Wednesday, the annual trimmed mean measure of consumer prices, which excludes volatile items, rose by 3.2% in the three months to December, just below the forecasted 3.3%. On a quarterly basis, core prices increased by 0.5%, also below the expected 0.6%, Bloomberg reported.

"The trimmed mean excluded price falls in both electricity and........

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