ANZ Research expects the Reserve Bank of Australia to maintain the current 4.35% cash rate at its upcoming June meeting. The firm has updated its outlook to anticipate the start of a cutting cycle in the second half of 2027.
Key Takeaways
- 1.ANZ expects the RBA to keep the cash rate on hold at 4.35% at the June meeting.
- 2.The firm now forecasts two 25bp rate cuts in the second half of 2027.
- 3.Recent economic indicators, including soft Q1 GDP and a rising unemployment rate, support a pause in rate hikes.
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Authors
Adam BoytonJasmine ZhengMadeline DunkAaron LukSophia Angala
Themes
Monetary PolicyEconomic Slowdown
Regions
Asia PacificMiddle EastAustraliaUnited States