JPMorgan's Auld Sees RBA Rate Cut in Next 6 to 12 Months

The video discusses the Reserve Bank of Australia's (RBA) current economic stance, highlighting that no immediate changes are expected. However, there is an anticipation of rate cuts in the next 6 to 12 months due to weak domestic demand and low core inflation. A Bloomberg chart is analyzed, showing the key rate and CPI trends. The focus is on core inflation, which remains low, and the need for sustainable economic growth. The conclusion suggests that while rate cuts may be delayed, they are likely in the future due to ongoing economic challenges.

What is the current expectation regarding the RBA's actions this afternoon?

What factors might influence the RBA to adjust its language regarding commodity prices?

What is the significance of core inflation in the context of the RBA's monetary policy?

What are the potential risks mentioned that could affect the Australian economy?

What is the projected timeline for potential rate cuts by the RBA according to the discussion?