Citigroup’s Top Australia Banker Says RBA May Be Done With Cuts

Australia’s central bank could be finished with interest-rate reductions as private-sector activity picks up and buoyancy returns to consumers, according to Citigroup Inc.’s top domestic banker.

“We’re quite optimistic about the Australian economy,” Mark Woodruff, Australia & New Zealand chief executive officer, said in a Bloomberg Television interview on Tuesday. “They might be done for this part of the cycle.”