Australia's Central Bank Stands Out Amid Global Rate Cuts

According to Odaily, institutional analysis indicates that as the Federal Reserve initiates an easing cycle by lowering the federal funds rate by 50 basis points, the Reserve Bank of Australia (RBA) is increasingly becoming an outlier among global central banks. Most economists predict that Australia will not cut interest rates until next year, with the latest possible timing being May. The announcement of a significant rise in August employment growth on Thursday highlights this contrast, leaving the RBA with little room to discuss imminent rate cuts. RBA Governor Philip Lowe is expected to face criticism for not joining the easing trend, but he will closely monitor core inflation, which remains high and concerning.