According to Jin10 data reports, Citibank stated that the Reserve Bank of Australia's attitude is more dovish than expected. The downside risks to economic growth, particularly 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 a 50 basis point rate cut, Citibank expects the bank may cut 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.