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Australia's Reserve Bank Poised to Cut Rates Amid Job Woes

7/29/2025

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Summary

Story summary

The Reserve Bank of Australia is set to lower interest rates in August after labor data revealed a concerning unemployment rate of 4.31%. With inflation expected to rise by 0.7% and annual rates falling to 2.7%, financial markets are bracing for additional cuts by mid-2026, highlighting growing worries about the job market's health.

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Story summary

The Reserve Bank of Australia is set to lower interest rates in August after labor data revealed a concerning unemployment rate of 4.31%. With inflation expected to rise by 0.7% and annual rates falling to 2.7%, financial markets are bracing for additional cuts by mid-2026, highlighting growing worries about the job market's health.