At its last meeting for 2024, the Reserve Bank of Australia’s board seemed to indicate that it was contemplating a cut in the policy rate within six months.
Weaker-than-expected private sector activity growth, together with softer wage increases, made the board say that it was “gaining some confidence that inflation is moving sustainably towards target”.
Source: https://www.afr.com/markets/debt-markets/a-february-interest-rate-cut-is-a-goer-if-rba-changes-one-thing-20250110-p5l3di