Kaitou Macro: The Reserve Bank of Australia is expected to cut interest rates by another 75 basis points in the future

According to a report by Golden Finance, Abhijit Surya, a macroeconomist at Capital Economics, stated that the Reserve Bank of Australia's interest rate cut reflects market expectations for further easing policies. The bank is expected to lower interest rates from the current 3.60% to 2.85% in the near future. The Reserve Bank of Australia pointed out that the scope and scale of US tariffs are slightly clearer, and believes that the risk of more extreme outcomes has decreased. However, trade tensions will put pressure on household and business spending for a period of time.