Bloomberg with the report on the results of a survey it conducted of analysts, in summary:
- RBA will lower its cash rate by a quarter-percentage point to 4.1% in the third quarter, the median estimate in a survey of 32 economists showed
- The previous survey, a month earlier, pegged the first cut in Q4
Pricing for the first cut is in September.
Analysts cited:
- economists see CPI hitting the top of the central bank’s 2-3% target in Q4, compared with a January forecast for Q1 of 2025
RBA
