According to a report by Jin Shi Data, the market generally expects the Reserve Bank of Australia to cut interest rates by 25 basis points at its policy meeting later today, marking the first rate cut since February. Institutions forecast that RBA Governor Philip Lowe may point out that inflation indicators have returned to target levels, but given the degree of uncertainty in the global economy, as well as the active employment market in Australia and robust wage growth against a backdrop of weak productivity, he is unlikely to indicate a series of rate cuts. The option of a 50 basis point cut does not seem to be under consideration.