Economists widely expect the Reserve Bank of Australia (RBA) to cut the cash rate by 25 basis points to 3.60% in August, following this week's unexpected decision to hold rates steady. All 30 economists surveyed in a Reuters poll forecast the cut, with Australia’s four major banks—ANZ, CBA, NAB, and Westpac—also backing the call.The RBA has already delivered two 25 bp cuts this year (in February and May), but paused in April and July as it waits for clearer signs that inflation is sustainably moving toward its 2.5% target midpoint.The poll’s median forecast sees the cash rate at 3.35% by end-2025, with most economists expecting one more cut after August. That’s a shift from last week’s poll, where many anticipated the rate would fall to 3.10% by year-end. The latest inflation data, due later this month, will likely be key to confirming the RBA's next move.This time,. for sure! This article was written by Eamonn Sheridan at www.forexlive.com.