CBA said again today that they expect the first rate cut from the RBA in September, followed by another 2 for a total of 3 cuts of 25bp each in 2024. CBA on the data earlier:Momentum in the economy has ground to a halt Household consumption inched higher but has gone significantly backwards on a per capita basis over the past year. Recurrent public spending grew at a trend-like pace, business investment pushed higher and net exports made a decent contribution to growth.Residential construction fell sharply and the supply and demand imbalance in the housing market has further widened.Nominal GDP increased by 1.4%/qtr due to higher domestic prices, a lift in the terms of trade and the small li
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