Westpac says the rate hike cycle in Australia is over.
RBA now on hold until first rate cut in September 2024
- The RBA is now confident that the latest data points to it achieving its inflation target by mid 2025;
- hurdle for more rate hikes looks very high;
- especially given that the economy is likely to continue operating well below trend despite a tight labour market
![Reserve Bank of Australia RBA](https://images.forexlive.com/images/rba_id_4dde02a8-2bfd-4e97-8191-99fae556f55c_original.jpeg)
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