Could slowing inflation prompt RBA rate cuts? Not yet. Also leap year to add $6.6b to economy.

There's cautious optimism that Reserve Bank might be forced to cut interest rates sooner rather than later given more signs that inflation is continuing to slow. It's all adding up to evidence the economy being crunched from a long period of aggressive interest rate rises. Also, KPMG chief economist Dr Brendan Rynne says leap year will add $6.6 billion to first quarter GDP.