According to Jin10 data reports, Citigroup stated that the Reserve Bank of Australia's attitude is more dovish than expected. The downward risks to economic growth, particularly in household consumption, exceed expectations. Both the statement and the press conference were moderate.
Given that the Reserve Bank of Australia has considered cutting 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.