According to Jinshi Data, the National Australia Bank expects the Reserve Bank of Australia to cut interest rates by 100 basis points before August. A 50 basis point cut this month has become a certainty, and it calls for the Reserve Bank of Australia to shift its thinking in several areas.
First, the Reserve Bank of Australia needs to recognize that inflation risks are no longer balanced, but are leaning downward due to global growth slowdown. Secondly, it should shift from a cautious mindset to bold action. Regardless of what happens, lowering interest rates will be the Reserve Bank of Australia's top priority.