The Reserve Bank of Australia is almost certain to leave the cash rate unchanged at 3.6% at its meeting ending on September 30th. After all, the economy is bouncing back more strongly than the Bank had anticipated, the labour market remains on an even keel, and price pressures are proving somewhat stubborn. That said, assuming inflation resumes its downtrend, we think the Bank will be in a position to cut rates by another 50bp this cycle.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
