Australia's second-quarter inflation data was very welcomed and came in as just the central bank expected, a top official said on Thursday, but added the bank remained cautious about the interest rate outlook.

Australia's headline inflation rate in the second quarter of the year slipped to its lowest point since March 2021, coming in at 2.1% year over year, compared to 2.4% in the preceding period. This was lower than the 2.

Australias second-quarter inflation data aligned with central bank expectations, providing a positive signal for monetary policy while keeping interest rate decisions cautious, Reserve Bank of Australia (RBA)