The market sees a 75 per cent chance that the board will still deliver three rate cuts throughout the remainder of the year, but today’s decision is a clear reminder that the RBA is in no rush and that nothing is nailed on.” Oxford Economics Australia’s head of economic research and global trade, Harry Murphy Cruise, said the tariff uncertainty and good news on inflation warranted a cut in July. Loading Trump said over the weekend that his administration would send letters to several foreign governments as early as Monday spelling out their tariff rates if they did not reach a deal before Wednesday – the culmination of a 90-day negotiating period set by the White House during which goods from most countries have been taxed at a baseline 10 per cent. Loading The near-term outlook will probably hinge on several key factors like the extent to which trading partners are included in Trump letters, the rate of tariffs, and the effective date of such tariffs, according to analysts at Nomura.
Author: Alex Veiga
Published at: 2025-07-07 21:38:54
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