Part 4/7:
One commentator expressed skepticism about making definitive predictions regarding future rate cuts. However, another confidently stated that a reduction is imminent, emphasizing that both underlying and headline inflation are within the targeted 2-3% range that the RBA aims to maintain in order to control inflation effectively.
Market expectations are aligned with this view, with many analysts and investors anticipating an interest rate cut at the upcoming RBA meeting. The consensus is that economic conditions have sufficiently stabilized, making a reduction in borrowing costs not only possible but likely in the near future.