The Reserve Bank of Australia’s (RBA) next policy meeting on Tuesday 4th October will be the first led by the new Governor, Philip Lowe, but that’s the only thing we expect to change. Interest rates will almost certainly be left on hold at 1.5% and it’s increasingly likely that rates will stay at that level for the remainder of the year. However, weaker-than-expected underlying inflation will probably prompt the RBA to cut interest rates to 1.0% by the end of next year.
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