Nomura expect a hawkish rate cut from the Reserve Bank of Australia this week

February 17, 2025 at 12:23AM
The Reserve Bank of Australia meet on February 17 and 18. The Statement is expected at 2.30pm local time on the 18th:

Reserve Bank of Australia Governor Bullock will hold her press conference an hour later.

Nomura senior economist Andrew Ticehurst expects a cut of 25bp. Further out:

RBA is unlikely to cut interest rates twice in a row in April
2025.

He said that the
RBA’s messaging will likely be cautious.

He said that any
further policy easing depends on future inflation developments, which
are still unknown.

Ticehurst said that
the RBA will likely note that “welcome progress” is being
made in its battle to return inflation to target.

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Earlier previews:

Reserve Bank of Australia expected to cut its cash rate by 25bp on February 18

TD Securities on RBA rate cuts, inflation remains key driver

BoA expect just 3 RBA interest cuts in 2025, terminal rate of 3.6%

This article was written by Eamonn Sheridan at www.forexlive.com.