Deutsche Bank has revised its rate call for the Reserve Bank of Australia, now forecasting a 25 basis point cut at the upcoming 8 July meeting.
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.
The shift reflects softer economic signals and growing confidence that inflation is easing sufficiently to allow the RBA to begin normalising policy sooner than anticipated.
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The data yesterday ICYMI:
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 CPIBut, the caveats are not, IMO, going to stop the RBA from cutting at its July 7-8 meeting. This is not a brave call, almost everyone now expects a July cut.
The 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.Hence then, the article about deutsche bank brings forward rba rate cut to july was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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