Australian Monthly Wrap

Latest edition · July 10, 2026

Australian Monthly Wrap economic slowdown broadens rate cuts in 2027

ANZ Research reports a broadening economic slowdown in Australia, prompting forecasts for RBA rate cuts starting in 2027. The housing market continues to face significant downward pressure.

The report highlights that the RBA held the cash rate at 4.35% in June amid persistent inflation concerns. However, given weaker activity data and sluggish housing markets, ANZ expects two 25bp rate cuts in 2027. Australia's GDP growth is projected to remain soft at 1.1% in 2026 and 1.6% in 2027, driven by high interest rates and housing-related headwinds.

Key takeaways from the latest edition

• 1.The RBA kept the cash rate at 4.35% in June, with ANZ expecting rate cuts to commence in 2027.
• 2.Economic growth in Australia is forecast to slow to 1.1% in 2026 and 1.6% in 2027 due to higher interest rates and housing market weakness.
• 3.Housing market indicators show continued weakness, with falling prices and low auction clearance rates in capital cities.

What this series covers

• Rates and policy: Unchanged in June; Rate cuts expected in 2027
• Australian data: Forecast updates, continued weakness in housing
• Global: Oil recovery stalls; monetary tightening abroad
• Data releases
• Key Charts
• Recently published reports
• Forecasts

Edition archive

• Australian Monthly Wrap economic slowdown broadens rate cuts in 2027

  July 10, 2026

• Australian Monthly Wrap growth momentum easing as housing and labour soften

  June 10, 2026

• Australian Monthly Wrap one final hike amid high inflation and fuel pressures

  May 11, 2026