SocGen Sees Australia's Central Bank Cutting Rates Again in November After This Week's Reduction
BY MT Newswires | ECONOMIC | 08/12/25 10:36 AM EDT10:36 AM EDT, 08/12/2025 (MT Newswires) -- The Reserve Bank of Australia cuts 25bps to 3.60% overnight Monday, as expected, said Societe Generale.
The Statement on Monetary Policy (SoMP) forecasts show trimmed mean consumer price index is near the target and the terminal unemployment rate is close to current levels, which is a quasi-endorsement of the current pricing path, giving a small dovish guide, wrote the bank in a note to clients.
SocGen's base case is for another cut in November, though the bank sees risks of a potential delay.
As referenced in recent comments by RBA's Andrew Hauser late last month, comparing incoming data to forecasts remains key, added the bank.
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