According to Jinshi Data, Citigroup stated that the Reserve Bank of Australia's attitude is more dovish than expected. The downside risks to economic growth, especially in household consumption, are greater than anticipated. Both the statement and the press conference were moderate.
Given that the Reserve Bank of Australia has considered cutting interest rates by 50 basis points, Citigroup expects the bank may lower rates in July. The final interest rate for this year is still expected to be 3.1%, with rate cuts anticipated in August, September, and November.