ausbiz: Can we expect rate cut towards end of this year?

In his latest interview with ausbiz, Peter Dragicevich, APAC Currency Strategist at Corpay Cross-Border Solutions, explores the current financial state and prospects of the Australian and global economy. Contrary to market expectations, it's Peter's view that the Reserve Bank of Australia (RBA) isn't likely to increase interest rates soon due to indicators such as services, domestic, and non-tradable inflation slowly advancing in the right direction. Given the tight labour market, he anticipates that rate cuts will not occur until much later in the year, despite some money markets suggesting they could happen as early as June or August. Watch the ausbiz video here: https://ausbiz.com.au/media/can-we-expect-rate-cut-towards-end-of-this-year?videoId=33903