The Reserve Bank of Australia will probably stick to its hawkish message at its upcoming meeting. And while GDP growth is set to disappoint the Bank’s optimistic projections, it will take a clear slowdown in inflation and a further loosening of the labour market to move the RBA’s hand. The upshot is that we still expect the first rate cut only in Q2 2025.
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