Quarterly trimmed mean inflation tracking at 0.6%–0.7%, so inflation is within target. RBA likely to continue reducing monetary restrictiveness, including by cutting the cash rate at its August meeting. The RBA Monetary Policy Board (MPB) in July opted to wait for more confirmation that inflation is on track to return to the midpoint of the […]The post RBA Policy at Sixes and Sevens: 25bp Cash Rate Cut Expected in August appeared first on Action Forex.