Rate cuts could come earlier than expected — but there's a catch
Westpac announced on Wednesday that rate cuts could occur as early as 2027, earlier than previously forecast. However, chief economist Luci Ellis stated the Reserve Bank may need to raise rates twice before any cuts due to persistent inflation risks. Meanwhile, petrol prices rose 3.2 cents per litre amid renewed Middle East conflicts impacting oil costs.
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Published 10 Jul 2026, 20:45 UTC · Updated 10 Jul 2026, 20:50 UTC
Summary by OZbrief Editorial. Original report: SBS News – Australia. Editorial policy · Corrections
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