From kpmg.com: The RBA has initiated an easing cycle, acknowledging the economy’s sluggishness and continuing uncertainties surrounding inflation.

KPMG’s Senior Economist, Dr. Michael Malakellis, warns that while a total of three rate cuts are projected for the year, inflation pressures may prevent immediate further cuts.

The RBA emphasizes caution regarding inflation’s trajectory and the economic risks associated with fiscal policy and global trade barriers.