Gold ten data on August 1st, West Pacific Bank Chief Economist Luci Ellis stated that the CPI data for the second quarter announced by Australia on Wednesday has strongly proved that the price pressure of the entire economy continues to ease, and the Reserve Bank of Australia may lower the official cash interest rate before November. She added that inflation data show that the Reserve Bank of Australia can still achieve the target of restoring inflation to the target range of 2%-3% by the end of 2025. Ellis added that the Reserve Bank of Australia needs to start lowering interest rates before reaching the target range, otherwise it may result in inflation below the target, which is not beneficial to anyone.
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Batı Pasifik Bankası: Avustralya Rezerv Bankası, Kasım ayına kadar faiz indirecek
Gold ten data on August 1st, West Pacific Bank Chief Economist Luci Ellis stated that the CPI data for the second quarter announced by Australia on Wednesday has strongly proved that the price pressure of the entire economy continues to ease, and the Reserve Bank of Australia may lower the official cash interest rate before November. She added that inflation data show that the Reserve Bank of Australia can still achieve the target of restoring inflation to the target range of 2%-3% by the end of 2025. Ellis added that the Reserve Bank of Australia needs to start lowering interest rates before reaching the target range, otherwise it may result in inflation below the target, which is not beneficial to anyone.