German commercial bank: Reserve Bank of Australia cuts rates later than other G10 countries, supporting the Australian dollar

According to reports from FXStreet, most G10 economies have deviated further from their respective pre-COVID-19 economic growth trends due to rapid rate hikes in recent years. The United States is an exception, with the growth gap between these economies and the US widening accordingly. Analysts at Deutsche Bank believe that compared to other G10 countries, the Australian economy will not slow down further. This is one of the reasons why it is predicted that the Reserve Bank of Australia will cut interest rates later than other G10 countries, thus supporting the Australian dollar before that. The RBA may only act earlier if there are stronger signs of a slowdown in the real economy, indicating an economic recession.