According to Jinshi, Australian economists have brought forward the Reserve Bank of Australia's rate cut cycle as inflation expectations have fallen slightly. A survey of 32 economists on Thursday showed that the Reserve Bank of Australia will reduce the cash rate by 25 basis points to 4.1% in the third quarter, while the expectation a month ago was that the Reserve Bank of Australia would begin to ease monetary policy in the fourth quarter. Traders currently expect the Reserve Bank of Australia to cut interest rates for the first time in September. In addition, the economists surveyed expect Australia's CPI to reach the upper limit of the central bank's 2-3% target in the fourth quarter, compared with the previous forecast of the first quarter of 2025.