US EditionInflation Data Paves Way for Next Rate Cut
AUSTRALIA, JUL 30 – Headline and core inflation have softened to 2.1% and 2.7% respectively, prompting experts and banks to anticipate a 25 basis point rate cut by the Reserve Bank of Australia.
- On July 30, 2025, the Australian Bureau of Statistics reported headline inflation slowed to 2.1%, and trimmed mean inflation fell to 2.7%, ahead of the RBA’s August 11-12 meeting.
- Earlier this month, automotive fuel prices dropped by 10, and goods inflation eased to 1.1%.
- According to Canstar, `Trimmed mean inflation is back into the RBA’s target band for the second quarter in a row, all but confirming Australia’s third cash rate cut on 12 August`, and Betashares chief economist David Bassanese called it a 'done deal' for August rate cut.
- On a $600,000 loan, owner-occupiers could save $90 after softer inflation data and a potential rate cut next month, boosting the local share market.
- That move would mark Australia’s third cut this year, as Westpac Chief Economist Luci Ellis suggested the data could open up the possibility of further cuts into next year.
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23 Articles
Easing inflation opens door for August interest rate cut
SBS Finance Editor Ricardo Gonçalves speaks with Besa Deda from Willam Buck and Luke Laretive from Seneca Financial Solutions to find out why today's lower inflation reading is likely to tip the Reserve Bank into cutting interest rates in August.
·Sydney, Australia
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Total News Sources23
Leaning Left6Leaning Right5Center1Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
R 42%
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