Overview

• All 39 economists in a Reuters poll and all 32 experts in Finder’s survey expect no change at the Sept. 30 meeting.
• August’s monthly CPI quickened to 3.0% year on year from 2.8% in July, even as the trimmed mean eased to 2.6%, sharpening the RBA’s caution.
• The bank has already delivered three cuts in 2025 and says decisions are being taken meeting by meeting as growth improves and the labour market stays relatively tight.
• Most forecasters still see the cash rate at 3.35% by year‑end, yet several have delayed calls, with ANZ, CBA and Westpac tipping November and NAB pointing to May 2026.
• Variable‑rate borrowers are likely to wait longer for relief since lenders usually mirror RBA moves and the last three cuts were passed through in full.