ANZ now forecasting a February Reserve Bank of Australia rate cut

Previously only Commonwealth Bank of Australia were tipping February, ANZ jump on board now.

ANZ expects a 25bp interest rate cut at the Reserve Bank of Australia February meeting

• due to weaker inflation figures in Q4

ANZ forecasts trimmed mean inflation to print at 0.5% q/q in the Q4 data due this month – this would be the lowest quarterly result since Q2 2021

• annual rate 3.2% (which is under the RBA’s forecast of 3.4%)

**

ANZ previous forecast:

• 25 basis points cut in May and August 2025

I’ll need to update this:

• Potential Interest Rate Cut in Australia: Analysts Divided

This article was written by Eamonn Sheridan at www.forexlive.com.