asiangames2022hangzhou| Goldman Sachs: Market pricing RBA interest rate cut 'too shallow'

Gelonghui May 24| Goldman Sachs believesasiangames2022hangzhou, money market is expected to cut interest rates in Australia in the next 12 monthsasiangames2022hangzhouExpectations are "too shallow", predicting that cooling inflation and rising unemployment will force the Reserve Bank of Australia to act earlier. Traders are betting that the Reserve Bank of Australia will turn the current 4asiangames2022hangzhouThe cash rate of.35% will remain for another year or so before being lowered for the first time until July 2025. By contrast, Goldman Sachs expects the cash rate to be cut three times by then, to 3.asiangames2022hangzhou.6%。Goldman Sachs economists led by Andrew Boak said their basic forecast is that after inflation data weakens in the next few quarters, the labor market continues to cool, and a possible easing cycle in major G10 members, the Reserve Bank of Australia will start easing monetary policy in November 2024.