Opinion
We can’t be certain the RBA will cut rates next week, and globally we can’t be certain Xi Jinping will remain China’s president as speculation grows that a Western-friendly successor is waiting in the wings.
Superficially, financial markets are telling us that the Reserve Bank of Australia is certain to continue its process of normalising interest rates next week.
The market is 100 per cent priced for a 25 basis point cut, which would reduce the RBA’s official target cash rate from 3.85 per cent to 3.60 per cent.
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Original URL: https://www.afr.com/policy/economy/why-we-may-be-on-the-cusp-of-a-more-stable-global-order-20250704-p5mckl
