Overview

• August minutes say preserving full employment and stable inflation will likely require additional easing over the coming year.
• The board will decide the pace meeting by meeting, noting cases for both a gradual path and quicker moves based on CPI and jobs data.
• Inflation has eased toward target, with headline at 2.1% in the June quarter and trimmed mean at 2.7%, while labour conditions remain somewhat tight.
• Investors largely expect no move in September and lean toward a November cut, after rates were lowered to a 3.60% cash rate in August.
• The RBA left its bond rundown strategy unchanged by letting holdings mature, as CreditorWatch reported near‑record insolvencies in July.