Institution: The Reserve Bank of Australia will remain an "outlier" among global central banks in the short term

Institutional analysis points out that as the Federal Reserve cut the federal funds rate by 50 basis points, kicking off the easing cycle, the Reserve Bank of Australia is increasingly becoming an outlier among global central banks. Most economists expect Australia to not cut interest rates until next year, and possibly in May at the latest. The news that employment growth jumped again in August released on Thursday highlighted this contrast, leaving the Reserve Bank of Australia with little room to start talking about a near-term rate cut. Reserve Bank of Australia Governor Bullock will be criticized for not joining the easing club, but he will keep a close eye on core inflation, which is still high and disturbing. (Jinshi)