According to Jinshi data reports, the money market has almost fully priced in expectations for the Reserve Bank of Australia to cut interest rates next week, but there are still doubts in the market. The inflation environment is not as optimistic as the latest data suggests, with the core inflation rate close to the upper limit of the target range.
Energy costs may push up future inflation, and the Reserve Bank of Australia is not in a hurry to cut interest rates, believing that current policy is only slightly restrictive. A new inflation forecast is expected to be announced in August.