Inflation leaves room for rate cut, TD Securities gauge shows THE pace of inflation stayed well within the central bank's comfort zone in April, according to a closely-watched non-government survey. The TD Securities-Melbourne Institute Monthly Inflation Gauge climbed 2.1 per cent from a year earlier, staying comfortably within the Reserve Bank of Australia's annual target range of between 2 per cent and 3 per cent. The gauge gained 0.3 per cent from March, when it advanced 0.2 per cent from February.