That would be the RBA’s first cut since November 2020 and may provide a shot in the arm for Prime Minister Anthony Albanese, who needs to overcome poor polling to secure a second term.
Australia’s central bank is poised to cut interest rates for the first time in four years even as the board remains alert to potential inflationary pressures from mounting global trade turmoil and risks of an election splurge at home.
A majority of economists in a Bloomberg News survey, as well as traders, expect the Reserve Bank of Australia (RBA) to finally embark on easing on Tuesday with a 25 basis-point reduction in the cash rate to 4.1%.
