The Australian Financial Review is carrying a story saying that:
According to The Australian Financial Review’s panel of experts, an August rate cut is on the cards, with bets of a benign inflation result likely to give the Reserve Bank of Australia more reason to act.
The article is gated, but has pieces from economist Nicki Hutley, CBA (Michael Blythe), Matthew Johnson (UBS) and Westpac (Justin Smirk ).
- The latest probability of a 25 basis point cut from OIS pricing is 63%
- Australian inflation data is released this week (July 24)
- The RBA meets August 6