Yesterday (April 24, 2024), the Australian Bureau of Statistics (ABS) released the latest – Consumer Price Index, Australia – for the March-quarter 2024. The data showed that the inflation rate continues to fall – down to 3.6 per cent from 4 per cent in line with global supply trends. There is nothing in this quarterly release that would justify further interest rate rises. Despite that reality the national broadcaster has wheeled out a few bank and/or financial market economists who claim we cannot rule out further interest rate rises. That is their wish because it improves the bottom line of their companies. But it is arrant nonsense based on the reality and it is a pity that the national broadcaster cannot present a more balanced view on this.