Australia’s weak GDP sparks rate cut talk

Australia’s Q1 GDP growth was below expectations, prompting speculation of potential RBA rate cuts in July, leading to a rise in Aussie equities.

Australia’s Q1 GDP growth came in below expectations, fuelling speculation that the RBA could cut interest rates as early as July.

Markets were quick to react, with Aussie equities pushing higher—investors often reward weak data that pressures central banks to ease.

Longer-term rate risks remain in focus, while recent U.S. data shows signs of softening, particularly in the labour market.

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