On June 28, Glon Hui reported that after Australia's May CPI unexpectedly rose on Wednesday, the market currently believes that the likelihood of a 25 basis point rate hike by the Reserve Bank of Australia before the end of the year is close to 40%. However, economist Abhijit Surya of Capital Economics believes that there is ample reason to believe that the RBA will not raise interest rates further. He added that the rise in prices of a range of market services is slowing, and with the cooling of the labor market, domestic inflation should really ease in the coming quarters. Nevertheless, given that the risk balance tends to keep inflation at a high level for a longer period, Capital Economics has pushed back its forecast for the RBA's first interest rate cut from the first quarter of 2025 to the second quarter.
凯投宏观将澳洲联储首次降息预测推迟至2025年第二季度
Kapital Macro has postponed its forecast for the first interest rate cut by the Reserve Bank of Australia to the second quarter of 2025.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.