<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Core inflation has fallen to its lowest level since the height of the pandemic, paving the way for a third interest rate cut of the year when the Reserve Bank meets in two weeks.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>New data from the Australian Bureau of Statistics this morning had headline inflation slowing to 2.1 per cent in the 12 months to the June quarter – right at the bottom of the RBA's target range.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Importantly, the trimmed mean – the central bank's preferred measure of core or underlying inflation – slowed from 2.9 to 2.7 per cent, right in line with economists' expectations, although the RBA had previously forecast it would be 2.6 per cent.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/kristian-white-updates-nsw-police-officer-who-tasered-great-gran-spared-jail-again/dbd1d727-055c-415f-ab7c-e7644412aa35"><strong><span>No jail for police officer who tasered great-grandmother</span></strong></a><strong></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Reserve Bank Governor Michele Bullock said the surprise decision to leave interest rates on hold earlier this month was a case of wanting to be cautious and wait for more data, while minutes from the board's meeting revealed </span><a href="https://www.9news.com.au/finance/reserve-bank-reasons-hold-interest-rates-july-meeting-minutes/46c99c85-a17f-4598-a022-f1a637838457" rel="" target="" title="further cuts are still expected this year"><span>further cuts are still expected this year</span></a><span>.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><em><span>More to come.</span></em></div></div>