Expectation for ‘the cash rate to remain on hold’ ahead of July’s monthly indication

According to Edward Boyd, a business reporter at Sky News, it is anticipated that there will be no change in the cash rate. The upcoming report for July is likely to reveal a slowdown in inflation.

According to surveys conducted by Bloomberg, there is an anticipation of a decrease in inflation from 5.4% in June to 5.2%. This indicates a steady decline, as stated by Mr. Boyd in an interview with Sky News Australia.

It is evident that the Reserve Bank will closely examine this matter as we approach the cash rate decision on Tuesday of the following week.

"If it proceeds as anticipated, anticipate that the cash rate will remain unchanged on Tuesday at 4.1 percent."