Deutsche Bank has revised its rate call for the Reserve Bank of Australia, now forecasting a 25 basis point cut at the upcoming 8 July meeting.The bank had previously expected the first move in August but now sees cuts in both July and August, followed by a third 25bp reduction in November.The shift reflects softer economic signals and growing confidence that inflation is easing sufficiently to allow the RBA to begin normalising policy sooner than anticipated.-The data yesterday ICYMI:Australian monthly CPI (May 2025) 2.1% y/y (vs. 2.3% expected)There are always caveats around the monthly inflation data vs the official quarterly. I popped up a run down of them here, also yesterday:Economic calendar in Asia Wednesday, June 25, 2025 - BoJ Summary, Australian CPIBut, the caveats are not, IMO, going to stop the RBA from cutting at its July 7-8 meeting. This is not a brave call, almost everyone now expects a July cut.The year so far from the Reserve Bank of Australia:February 17-18: 25 basis point cash rate cutMarch 31-April 1: Left the cash rate on holdMay 19-20: 25 basis point cash rate cut This article was written by Eamonn Sheridan at www.forexlive.com.