1. Australia’s bond markets are predicting a zero percent chance of interest rates rising this week, providing relief for homeowners.
2. Despite the expected pause in interest rates, experts still believe that future rate hikes are possible.
3. Inflation has dropped past its peak, leading economists to predict a rates pause.
4. The upcoming release of Australia’s second-quarter gross domestic product data is expected to show slow economic growth.
5. While inflation has fallen, there are still areas experiencing strong and accelerating inflation, such as rents, electricity, and insurance costs. Australians should prepare for potential future rate hikes.