The market has almost completely digested the expectation that the Reserve Bank of Australia will cut interest rates next Tuesday.

Jin10 data reported on July 6th, against the backdrop of continued economic uncertainty, coupled with Australian consumers performing weaker than expected earlier this year, the market has almost fully priced in the Reserve Bank of Australia's decision to cut interest rates by 25 basis points next Tuesday. Although economists are not as certain as the market about a rate cut, nearly 90% of economists in a Finder survey believe a cut is possible. Independent economist Saul Eslake is one of the 30 surveyed economists predicting that the Central Bank will cut rates, with only 4 economists expecting the Central Bank to keep the interest rate stable at 3.85%. Eslake stated, "The underlying inflation rate is currently below the midpoint of the target range, and overall inflation is only slightly above the bottom of the target range, with economic growth still sluggish; therefore, there is no necessity to adopt a restrictive monetary policy as is currently the case."