Australia's July Inflation Reading Will Signal RBA Rate-Cut Timing

Australia's trimmed mean inflation remains at 3.6%, a gap the Reserve Bank needs to close before cutting rates held at 4.35%. The central bank signaled in June it requires proof inflation is durably declining. July's quarter CPI release becomes decisive: a move toward 3% opens the door to a first rate cut. A stalled reading prolongs the hold, intensifying strain on household finances already under pressure.