Our view on the upcoming July 2026 OCR announcement

With the Reserve Bank set to review the Official Cash Rate (OCR) this week, what can investors expect?

In this update, Matthew Johnson, Senior Fixed Income Manager, shares our team's latest thinking on the inflation outlook, interest rates, and the key economic developments shaping the Reserve Bank's decision.

Since the May review, conditions have changed significantly. Oil prices have retreated, inflation expectations have moderated, confidence indicators have weakened, and financial conditions have tightened. In this video, Matthew discusses why we believe the Reserve Bank can afford to be patient, while also acknowledging the factors that continue to support the case for higher rates over time.