The Reserve Bank of Australia may cut interest rates by 25 basis points at next week's meeting
According to a report by Jin Shi Data, IG Markets analyst Tony Sycamore stated that Australia's strong employment data in April serves as a reminder of the resilience of the job market. However, as inflation returns to the Reserve Bank of Australia's target range, high tariffs pose downside risks to global economic growth, and the Reserve Bank of Australia is still expected to lower interest rates at next week's meeting.
Since the release of the employment report, interest rate market traders have slightly reduced the probability of a 25 basis point cut next week from 90% to 80%.
