When will the RBA deliver a rate cut?

Now that all bets are off for a rate rise, the question once again is when Australians will see a cut to the current cash rate of 4.35%.

Westpac and Commonwealth Bank economists have reaffirmed their forecast of a November rates cut while their big four peers NAB and ANZ are predicting the first downward movement will be in February 2025.

But while Mr Aird tips the RBA will revise down its inflation forecasts, he's not expecting RBA governor Michele Bullock to roll out the same doveish rhetoric of Powell.

Instead, he expects Ms Bullock "to stick to the same script" she has used so far this year: that the board is "not ruling anything in or out" and remains alert to potential upside inflation risks.
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