澳洲联储进行年内第三次降息，暗示未来路径取决于数据

Group 1 - The Reserve Bank of Australia (RBA) has lowered its key interest rate to 3.6%, marking the third cut this year and a total reduction of 75 basis points since April 2023, aligning with market expectations [1][3] - The RBA's monetary policy committee emphasized that future decisions will depend on evolving data and risk assessments, closely monitoring global economic developments, domestic demand trends, and inflation and labor market outlooks [1][3] - Economists predict that the RBA will implement two more rate cuts by March 2026, potentially bringing the cash rate down to 3.1%, with some forecasts suggesting rates could fall below 3% [3] Group 2 - The Australian labor market shows signs of uncertainty, with the unemployment rate rising to 4.3% in June, indicating a potential cooling [4] - The RBA has slightly revised down its GDP growth estimates in its quarterly monetary policy statement, while core inflation is expected to remain close to the 2-3% target midpoint [4] - Global trade risks, exacerbated by protectionist policies and geopolitical tensions, pose significant threats to Australia's export-dependent economy, making it vulnerable to any international economic downturns [4] Group 3 - Other central banks, including the European Central Bank, Bank of Canada, and Bank of England, have also relaxed their policies in recent months [5]