Central Banks

Survey shows analysts expect the RBA to lower its cash rate in Q3 (prior Q4)

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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

This article was written by Eamonn Sheridan at www.forexlive.com. Source