Nomura expect a hawkish rate cut from the Reserve Bank of Australia this week

  • RBA statement is due on Tuesday, February 18, 2025

The Reserve Bank of Australia meet on February 17 and 18. The Statement is expected at 2.30pm local time on the 18th:

  • Reserve Bank of Australia Governor Bullock will hold her press conference an hour later.

Nomura senior economist Andrew Ticehurst expects a cut of 25bp. Further out:

  • RBA is unlikely to cut interest rates twice in a row in April 2025.
  • He said that the RBA's messaging will likely be cautious.
  • He said that any further policy easing depends on future inflation developments, which are still unknown.
  • Ticehurst said that the RBA will likely note that "welcome progress" is being made in its battle to return inflation to target.

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Earlier previews:

rba cash rate cycle 14 February 2025

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