Institutions: Inflation is no longer a concern, the Reserve Bank of Australia may cut interest rates significantly next month

Jin10 data on June 25, Jin10, Raffaella pump, an economist at Daufu Global Investment Management in the Asia-Pacific region, said that as inflation disappears from the policy radar, the Australian Reserve Bank now has confidence to cut interest rates at the policy meeting in July. He said, “We are convinced that the Australian Reserve Bank needs to cut interest rates in July to ensure economic rise, as inflation is clearly no longer a concern for them.” He pointed out that the core CPI mean is 2.4%, the lowest level since November 2021, and added that the Australian Reserve Bank may cut interest rates significantly next month.