Via Westpac, in brief:RBA to hold in Julyto cut in August and Novemberlower inflation outlook now makes two further cuts in early 2026 likely, February and MayWPAC caveat the 2026 call with:the cuts could be earlier (December and February or February and March) if inflation and the labour market turn out weaker late in 2025 than we currently expectWPAC see a terminal rate 2.85% (the current cash rate is 3.85%)We regard the cash rate at 2.85% as being at the lower end of the ‘neutral range’. This article was written by Eamonn Sheridan at www.forexlive.com.