Deutsche Bank: AI tools predict that the Reserve Bank of Australia is unlikely to cut interest rates before Q2 next year

FXStreet News, October 31 - Deutsche Bank economist Phil Odonoho said that the bank’s artificial intelligence analysis tool found that despite the Fed becoming more dovish, the RBA’s rhetoric in 2024 is becoming more hawkish. This supports Deutsche Bank’s view that the RBA is not eager to follow its global counterparts into an easing cycle. He said the baseline forecast is that the RBA’s Benchmark Inrerest Rate will remain unchanged until the second quarter of next year.