4 July | Other

RBA to cut rates at July 8 meeting as economy expected to slow — Reuters poll

RBA to cut rates at July 8 meeting as economy expected to slow — Reuters poll

According to a Reuters poll, the Reserve Bank of Australia is expected to cut interest rates at its next meeting on July 8 as inflation falls, and economic growth is projected to weaken. 

Experts forecast Australia’s GDP to expand 1.6% this year and 2.3% in 2026. The April poll predicted the growth of 2% and 2.4%, respectively.

Economists and financial markets now see five rate cuts by the RBA in 2025. The Australian regulator had been previously forecast to reduce borrowing costs three times. 

Deutsche Bank says the central bank’s task now is to support GDP growth and keep the labor market strong. 

A majority of polled economists predict the RBA will cut rates by 25 basis points to 3.60% at its meeting on July 8. Six out of 37 respondents expect borrowing costs to remain unchanged.

More than 60% see another step of monetary easing this quarter, which would bring the RBA rate to 3.35%. The median forecast points to a year-end rate of 3.10%.

Elena Dorokhina MarketCheese
Period: 23.07.2025 Expectation: 600 pips
USDCAD gains strength amid dollar rally and falling oil prices
Yesterday at 10:42 AM 63
Period: 25.07.2025 Expectation: 1000 pips
Nvidia's return to China pushes shares toward 180 level
Yesterday at 09:50 AM 43
Period: 23.07.2025 Expectation: 400 pips
Buying EURUSD up to 1.1660 level
Yesterday at 08:46 AM 25
Period: 22.07.2025 Expectation: 1545 pips
Buying Tesla shares with target at 332 amid company’s global expansion
15 July 2025 53
Period: 25.07.2025 Expectation: 800 pips
Ascending channel to limit AUDUSD correction
15 July 2025 51
Period: 29.08.2025 Expectation: 1000 pips
Selling SPX to 6,170 level
15 July 2025 35
Go to forecasts