As inflation is easing and within target range, the Reserve Bank of Australia (RBA) is likely to cut interest rates by 25 basis points to 3.6% in August, Westpac's Chief Economist, Luci Ellis, said on Wednesday.
The oldest bank of Australia said trimmed mean inflation for the June quarter was tracking at around 0.6%, which would be 2.7% year-on-year, and "close to what the RBA wanted to see".
Westpac believes the data gives RBA's Monetary Policy Board the green light to carry on with its "cautious" approach to dropping present monetary restraints.
It expects further interest rate cuts in November, February 2026 and May 2026, bringing the cash rate to trough of 2.85%.
Westpac considers it as lower end of a neutral setting.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。