According to Jinshi Data reports, the market generally expects the Reserve Bank of Australia to lower interest rates by 25 basis points at the policy meeting later today, marking the first rate cut since February. Institutional forecasts suggest that RBA Governor Philip Lowe may indicate that inflation indicators have returned to target levels, but given the degree of uncertainty in the global economy, as well as the active Australian labor market and robust wage growth against a backdrop of weak productivity, he is unlikely to signal a series of rate cuts. The option of a 50 basis point cut does not seem to be on the table.