We expect the Reserve Bank of Australia to keep interest rates unchanged at its meeting next week. Although the recent flow of data has been on the weaker side of expectations, the Bank will probably await further confirmation that it has slain the inflation dragon before changing course on policy. We expect it to hand down its first rate cut in August, in line with market pricing but sooner than most analysts are predicting.
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:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services