We expect the Reserve Bank of Australia to keep interest rates unchanged at its upcoming meeting on 5th December. And while the resilience of trimmed mean inflation could prompt another 25bp rate hike across the first half of next year, we still expect underlying inflation to slow more sharply than the Bank is anticipating. Accordingly, we think the Bank’s next move will be a rate cut by Q2 2024.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.