RBA EXPECTED TO CUT INTEREST RATES AS ECONOMIC PRESSURE MOUNTS
RBA EXPECTED TO CUT INTEREST RATES AS ECONOMIC PRESSURE MOUNTS
The Reserve Bank of Australia (RBA) is expected to cut the OCR by 25 basis points.
Core inflation eased in Q4 2024 but stayed above the RBA’s target.
The Australian Dollar consolidates gains ahead of the decision.
The RBA has kept the OCR at 4.35% since November 2023 due to persistent inflation.
Economic growth concerns and pressure on households and businesses are influencing the decision.
