Skip to main content

RBA to cut rates only in November

While the data released this week confirm that Australia's economy is cooling, it is far too early for the RBA to declare victory in its fight against inflation. Indeed, underlying inflation seems to have stalled, services demand remains relatively firm, and unit labour cost growth is unlikely to be consistent with the RBA's inflation target for a while. Accordingly, we've pushed back our forecast for the Bank's first rate cut from August to November. 

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access