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According to an article in the Wall Street Journal in 2014, The Australian dollar tumbled after muted inflation data scotched investors' expectations that the central

According to an article in the Wall Street Journal in 2014, "The Australian dollar tumbled after muted inflation data scotched investors' expectations that the central bank would raise interest raises."

Why would the inflation rate being lower than expected make it less likely that the Australian central bank would raise interest rates?

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