The bank had previously expected the first move in August but now sees cuts in both July and August, followed by a third 25bp reduction in November.
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Australian monthly CPI (May 2025) 2.1% y/y (vs. 2.3% expected)
There are always caveats around the monthly inflation data vs the official quarterly. I popped up a run down of them here, also yesterday:
Economic calendar in Asia Wednesday, June 25, 2025 - BoJ Summary, Australian CPIThe year so far from the Reserve Bank of Australia:
February 17-18: 25 basis point cash rate cut March 31-April 1: Left the cash rate on hold May 19-20: 25 basis point cash rate cut This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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