Queensland Investment Corporation: The Reserve Bank of Australia monetary policy needs to be expansionary.

Jin10 data reported on May 20, senior economist Lynda Bourke from Queensland Investment Corporation expects the Reserve Bank of Australia to lower interest rates by 25 basis points this time, with two additional rate cuts expected this year. The Australian economy will continue to operate below trend levels, and inflation will face further downward pressure, indicating that monetary policy needs to be expansionary.

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