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Australia Now Seen Cutting Rates in Third Quarter, Survey Shows
Australian economists brought forward their forecasts for the start of the Reserve Bank’s easing cycle, reflecting slight downgrades to inflation estimates and aligning them with current money-market pricing. The RBA will lower its cash rate by a quarter-percentage point to 4.1% in the third quarter, the median estimate in a survey of 32 economists showed Thursday, versus expectations a month earlier that it would begin easing in the final three months of the year. Traders are pricing a first rate cut in September. Read more: RBA Sees Inflation Hitting 2.5% Target Mid-Point in 2026 The revised outlook reflects a ... (full story)