BoA expect just 3 RBA interest cuts in 2025, terminal rate of 3.6%

I posted earlier on views from Bank of America in Sydney:

• Ex-RBA official Australia’s weak economy, sticky CPI, trade uncertainty a risk to a soft landing

Bloomberg is gated, adding a little more from BoA, in brief:

• “We expect sticky inflation around the top of the target band will lead to a shallow cycle relative to peer economies and consensus.”

The RBA target band is, in a nutshell, 2 to 3%.

• “Risks are skewed towards higher rates,”
• forecasts three interest-rate cuts this year
• terminal rate of 3.6%

Most expectations are for 4 cuts this year (rate to 3.35%).

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