According to the RBA, the CPI index will reach 3 by the end of 2024..5% or so and fall further to the top of the 2% to 3% target range by the end of 2025。

The decision to suspend interest rate hikes came as a surprise to the market, as previously expected, the RBA would have continued to raise interest rates by 25 basis points in this policy window。This unexpected suspension of interest rate hikes will hit the Australian dollar to some extent。