Reserve Bank of Australia To Loosen In H2 2024
Country Risk / Australia / Mon 19 Feb, 2024
Key View
- We maintain our view that the cash rate has reached its peak at a terminal rate of 4.35%.
- Despite easing over the past year, headline inflation remains above the RBA's 2%-3% target at 4.1% y-o-y in Q4 2023, meaning the RBA is unlikely to cut in the near term.
- We think the RBA will only start easing in H2 2024, lowering the