JPMorgan: The easing cycle of the Reserve Bank of Australia may have ended, and inflation risks remain elevated.

Jin10 data, November 5 news: This week, the Reserve Bank of Australia decided to keep the benchmark interest rate unchanged and predicted that inflation risks would persist until next year. Some economists are starting to believe that the easing cycle, which began in February, may have come to an end. JPMorgan economist Tom Kennedy stated that the number of sub-segments with inflation levels still being relatively high is concerning, which poses the first substantial challenge to the “inflation slowdown” narrative that the Reserve Bank of Australia has adhered to over the past few quarters. He added that the easing cycle is likely coming to an end, and the cash rate may remain at 3.6%.