The RBA will be held on August 2, the next policy meeting. And, in the end, cut or not to cut? It may also depend on next Wednesday (July 27) 1xbet economic times published Australia’s inflation data for the second quarter and about economists said, for policy makers, it will be a “either/or” choices.
Moreover, before the Reserve Bank of Australia also made it clear that after assessing the consumer price index to see the need for changes in interest rates.
Westpac Chief Economist Bill Evans said the RBA May monetary statement, RBA is expected by the end of June this year, underlying inflation will be 1.5% However, due to the potential inflation in the first three quarters was almost close to 1%, Evans came to the conclusion that: the RBA expects underlying inflation in the second quarter of 0.5%.
Evans told 1xbet in an interview said, even though it means actual 0.2% inflation will rise sharply in the second quarter, but Australia has 0.5% of the potential inflation in the second quarter would also be a reasonable conclusion, and that conclusion or interpretation will be the Reserve Bank of Australia was in line with expectations, it also means that the country’s overall inflation remains low. Once that happens, the RBA in Parliament in August then rate cuts are also expected to become a matter of.
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