As we look to the decision in just a bit, traders have already fully priced in a 25 bps rate cut for today. And in looking out through to year-end, there is ~58 bps of rate cuts priced in. Given the expectations and market odds, the reaction is likely to be relatively muted so long as the RBA delivers as they should. And that means no curveballs, which they can’t really afford to at the moment to be fair.
From yesterday: RBA poised to cut cash rate tomorrow after July pause
This article was written by Justin Low at investinglive.com.