Independent analyst Evan Lucas says more and more forecasts are now saying May or July is more likely for a rate cut. “The RBA will look at that underlying figure, it’s doing what it wants, it’s trending lower,” Mr Lucas told Sky News Australia. “They think that inflation may get into target sooner than they forecast, which is mid-2026, but only by three months.”

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Independent analyst Evan Lucas says more and more forecasts are now saying May or July is more likely for a rate cut. “The RBA will look at that underlying figure, it’s doing what it wants, it’s trending lower,” Mr Lucas told Sky News Australia. “They think that inflation may get into target sooner than they forecast, which is mid-2026, but only by three months.”