The AUD is lower across the board following the RBA decision. The statement was basically the same of what we’ve got in April although there’s more emphasis on trade policies risk. What weighed on the Aussie dollar was the negative revision in growth and inflation forecasts.
The forecasts:
- GDP growth seen at 1.8% in June 2025, 2.2% in June 2026 and 2.2% in June 2027 (May forecasts)
- GDP growth seen at 2.0% in June 2025, 2.3% in June 2026 and 2.2% in June 2027 (February forecasts)
- Trimmed Mean Inflation seen at 2.6% in June 2025, 2.6% in June 2026 and 2.6% in June 2027 (May forecasts)
- Trimmed Mean Inflation seen at 2.7% in June 2025, 2.7% in June 2026 and 2.7% in June 2027 (February forecasts)
This article was written by Giuseppe Dellamotta at www.forexlive.com.
