A detailed note from Commonwealth Bank of Australia on what they expect from the RBA.In summary:Our base case sees the RBA commence normalising the cash rate by the end of 2024 (we have pencilled in December for the first 25bp interest rate cut)A firmer disinflationary pulse than the RBA anticipates is a necessary condition for the Board to ease policy this calendar year.The already released September quarter consumer prices data in a raft of surveys gives us greater confidence that the much desired disinflationary process has recently gathered momentum.But it will be up to the Q3 24 CPI, due to be released on 30 October, to confirm that our assessment of the current pace of inflation is the
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