RBA Poised for ‘Hawkish Cut' as US-China Reprieve Boosts Outlook
Australia's central bank is set to lower interest rates for a second time this year as price pressures ease and US-China trade tensions take a pause, though lingering risks around both suggest the board will remain cautious on the policy path ahead.
Economists and money markets expect the Reserve Bank will announce a quarter percentage-point cut on Tuesday to bring its cash rate a two-year low of 3.85%. They reckon Governor Michele Bullock will be reluctant to suggest further easing to come when she appears before journalists at 3.30 p.m. Sydney time, an hour after the rate decision is released.
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