The Reserve Bank of Australia is expected to cut rates by 25 basis points next Tuesday, with nearly 90% of economists in support.

According to reports from Jinshi Data, the market has almost completely digested the Reserve Bank of Australia's decision to cut interest rates by 25 basis points next Tuesday. Although economists are not as certain as the market about the rate cut, nearly 90% of economists surveyed by Finder believe a rate cut is possible.

Independent economist Saul Eslake is one of the 30 economists surveyed predicting a rate cut from the central bank, with only 4 economists expecting the central bank to keep rates stable at 3.85%. Eslake stated that the underlying inflation rate is currently below the midpoint of the target range, the overall inflation rate is only slightly above the bottom of the target range, and economic growth remains sluggish, so there is no need for a restrictive monetary policy.