Westpac says Reserve Bank of Australia now on hold until first rate cut in September 2024

<p>Westpac says the rate hike cycle in Australia is over. </p><p>RBA now on hold until first rate cut in September 2024</p><ul><li>The RBA is now confident that the latest data points to it achieving its inflation target by mid 2025; </li><li>hurdle for more rate hikes looks very high; </li><li>especially given that the economy is likely to continue operating well below trend despite a tight labour market</li></ul>

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