Survey: The Reserve Bank of Australia is expected to hold steady next week but may cut interest rates after the inflation data is released in the third quarter.

Jin10 data September 26 news, a Reuters survey shows that the Reserve Bank of Australia will keep the Intrerest Rate at 3.60% next week, as the labor market remains tight and policymakers are waiting for clear signs of inflation easing. Although analysts still believe that the Intrerest Rate will fall to 3.35% by the end of this year, several respondents have delayed their expectations for a rate cut in November, citing a rise in monthly inflation indicators. After multiple rate cuts, Australia's economy rebounded in the second quarter, and the unemployment rate remained relatively stable, indicating that the Reserve Bank of Australia can slow its easing pace. Moody's Australia Economic Head Sunny Kim Nguyen said, “The Reserve Bank of Australia has little incentive to act urgently, even though the unemployment rate is gradually rising. However, compared to the pre-pandemic norm, the labor market is still relatively tight. Therefore, it can wait, especially for the third-quarter inflation data, to ensure that price pressures do not reignite too early.”