Reuters survey: Economic slowdown resonates with inflation cooling, the Australian Reserve Bank is expected to cut interest rates for the third time this year on Tuesday.

The Zhixun Finance APP learned that a survey of economists by Reuters shows that easing inflation pressure and slowing economic growth will prompt the Reserve Bank of Australia (RBA) to adopt unexpectedly loose policies. It is expected that the RBA will implement its third 25 basis point interest rate cut on Tuesday. Financial markets and economists had previously predicted three rate cuts by the RBA this year, and then raised their expectations to four in May, and now they are expecting five rate cuts. This shift is due to inflation in Australia cooling faster than expected, and weakening growth prospects.