澳大利亚央行降息25个基点，对前景仍持谨慎态度

Core Viewpoint - The Reserve Bank of Australia (RBA) has lowered the benchmark interest rate by 25 basis points to 3.6%, marking the third rate cut in 2023 following previous reductions in February and May [1] Economic Conditions - Since reaching a peak in May 2022, inflation in Australia has significantly decreased, with the underlying inflation rate for the second quarter at 2.7%, aligning with expectations. The overall inflation rate dropped to 2.1%, also meeting forecasts [1] - The RBA acknowledges ongoing uncertainties in the global economy, particularly due to trade policies that may negatively impact economic activity and consumer spending in Australia [2] - Domestic economic indicators show a recovery in private demand and real household income, but the labor market remains tight, with labor supply constraints affecting many businesses [2] Monetary Policy Outlook - The RBA believes that further gradual easing of the benchmark interest rate could help bring the underlying inflation rate closer to the midpoint of the target range of 2-3% [1][3] - There is uncertainty regarding the lagging effects of recent rate cuts and how businesses' pricing decisions and wage adjustments will influence overall demand and supply balance [3] - The RBA maintains a cautious outlook due to uncertainties in total demand and potential supply, while emphasizing its commitment to achieving price stability and full employment [3]