On March 29, Diana Mousina, senior economist at AMP Capital, said that recent Australian economic data showed that while economic activity was still growing, it had lost some momentum since the end of 2022, suggesting that rate hikes were working.
The banking crisis in the US and Europe is another issue for the RBA to consider.
The Reserve Bank of Australia is expected to keep the cash rate on hold next week given weakening momentum in the domestic economy, slowing inflation and risks to the global banking sector.