RBA Expected to Cut Interest Rates by 100% in August 📉

Former Howard government minister Peter McGauran says the Reserve Bank will cut the cash rate when they next meet in mid-August.

This comes as the headline inflation rate has fallen from 2.4 per cent to 2.1 per cent in the June quarter – the lowest it has been since 2021.

“It’s a 100 per cent expectation of the marketplace because both the underlying inflation rate ... as well as the headline inflation rate are well within the 2 to 3 per cent band,” Mr McGauran told Sky News Australia.