Nothing stopping the RBA from cutting rates now

Since the RBA’s last board meeting, it seems the arguments for lowering the cash rate have now materialised more than the arguments for maintaining it.

Yesterday's June quarter CPI data shows core inflation is now trending annually at 2.7 percent, down from 2.9 percent in the March quarter, effectively giving the green light for the Reserve Bank of Australia (RBA) board to drop the cash rate at its next meeting in August. The fall in headline inflation from 2.4 to 2.1 percent should give further comfort to the RBA that inflation is on track to be at 2.5 percent on a sustainable basis. Since the RBA's last board meeting, it seems the argume...

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Authors: Brendan Rynne

Published Date: 31 July 2025