According to a report by Jinshi Data, Bhima Varalap, an economist at State Street Global Advisors, stated that with inflation no longer a policy focus, the Reserve Bank of Australia is confident in lowering interest rates at the policy meeting in July. He pointed out that the average core CPI is 2.4%, the lowest level since November 2021, and the Reserve Bank of Australia may significantly cut interest rates next month to support economic growth.