Summary
- The Reserve Bank of Australia is unlikely to follow the US Federal Reserve in slashing interest rates.
- Australia’s central bank has maintained interest rates at 4.35% since late 2023 to control inflation.
- Independent economist Saul Eslake believes rate cuts may start in February, but doesn’t expect the RBA to rush into it.
- Australian inflation data, job vacancies, and global financial stability reports are key factors influencing the RBA’s decision.