Institution: The Reserve Bank of Australia will remain an "outlier" among global central banks in the short term
According to an analysis by institutions, as the Federal Reserve cuts the federal funds rate by 50 basis points, marking the beginning of an easing cycle, the Reserve Bank of Australia is increasingly becoming an outlier among global central banks. Most economists expect Australia to cut interest rates until next year, possibly as late as May. The news of another jump in employment growth in August highlighted this contrast, leaving the Reserve Bank of Australia with little room to start discussing a near-term rate cut. The Reserve Bank of Australia Governor Lowe will be criticized for not joining the easing club, but he will closely monitor core inflation, which remains high and worrying.
