A note from Goldman Sachs with their forecast for the Reserve Bank of Australia.
Info via Bloomberg (gated), in brief:
Goldman Sachs projects three RBA rate cuts by July 2025
- taking the cash rate to 3.6%
GS cite:
- softer inflation data over the coming quarters (rise in mortgage rates for Australians has outpaced global peers in both speed and magnitude)
- ongoing cooling in the labor market (unemployment will rise to 4.6% by end 2024)
- likelihood of easing cycles across key G-10 peers
This article was written by Eamonn Sheridan at www.forexlive.com.
