Blackrock Asia Pacific Fixed Income Director Craig Vardy said that the Reserve Bank of Australia does not seem eager to follow the footsteps of other central banks in cutting interest rates this year, and even if it joins the rate cut, the loose cycle will not deepen. Due to the Reserve Bank of Australia's continued concern about rising core inflation rates, all eyes should be focused on the beginning of 2025, as this is the earliest possible date for an official overnight cash rate cut. However, Vardy stated that the rate cut is expected to be 25 basis points in the first, second, and third quarters of next year, so it will not cause a huge reaction.