Part 3/5:
In response to these developments, financial markets are betting on a rate cut from the RBA in August. Analysts predict a reduction of at least 25 basis points (0.25%), which would provide much-needed relief to mortgage holders and borrowers grappling with high interest rates. Such a move would be a significant shift in monetary policy, signaling the RBA’s confidence in the economy’s ability to sustain growth amid lower inflation.