The stage is set for the RBA to cut rates after Australia's CPI rises just 0.1% in Q1 against expectations for 0.6%. Annual inflation comes in at 1.6% vs. 2.1% expected. The central bank has made clear only this CPI report stood between the current 4.25% benchmark and something lower. It meets on May 1. Aussie -0.4% to $1.0280.