Nomura expect a hawkish rate cut from the Reserve Bank of Australia this week ...Middle East

The Reserve Bank of Australia meet on February 17 and 18. The Statement is expected at 2.30pm local time on the 18th:

Reserve Bank of Australia Governor Bullock will hold her press conference an hour later.

Nomura senior economist Andrew Ticehurst expects a cut of 25bp. Further out:

RBA is unlikely to cut interest rates twice in a row in April 2025.He said that the RBA's messaging will likely be cautious. He said that any further policy easing depends on future inflation developments, which are still unknown. Ticehurst said that the RBA will likely note that "welcome progress" is being made in its battle to return inflation to target.

Earlier previews:

Reserve Bank of Australia expected to cut its cash rate by 25bp on February 18TD Securities on RBA rate cuts, inflation remains key driverBoA expect just 3 RBA interest cuts in 2025, terminal rate of 3.6% This article was written by Eamonn Sheridan at www.forexlive.com.

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