RBA’s Bullock Signals ‘Couple More’ Cuts After August Easing

Australia’s central bank chief signaled a “couple more” interest-rate cuts will be required to achieve its latest forecasts after the policy board eased as anticipated on Tuesday.

The Reserve Bank cut its key rate to 3.6% in a unanimous decision and has now delivered 75 basis points of easing in the current campaign. The RBA’s latest outlook showed the jobless rate and core inflation holding at their current levels with economic growth picking up to its 2% potential rate in 2026.