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Citi: The Reserve Bank of Australia is expected to have a mildly dovish stance next Tuesday.
Jin10 data reported on August 8th that the Reserve Bank of Australia will announce its interest rate decision next Tuesday, with the market expecting it to lower the official cash rate by 25 basis points to 3.6%. Citigroup economist Faraz Syed stated that the overall tone of this announcement may be neutral, with a slight dovish tendency. He added that since the forecast revisions indicate a slight rise in the unemployment rate and a slight decline in the inflation rate for 2026, the tone of this announcement may be slightly more dovish compared to the previous statement.