Part 5/6:
- Governor Michelle Bullock’s Speech: On Thursday, Governor Bullock will speak at the Anakah Foundation in Sydney, an organization dedicated to youth mental health awareness. This speech will likely address the central bank’s stance on interest rates and the economic outlook, especially given the recent unexpected unemployment data.
Market Expectations and Probability of a Rate Cut
The financial markets are currently betting heavily on a rate cut next month. Odds have surged to approximately 92.5%, with only a 7.5% chance that rates will remain unchanged. This stands in contrast to prior expectations — just last week, the probability of a rate cut was nearly 99%.