Institution: Australia's economic weakness, the Reserve Bank of Australia may accelerate interest rate cuts

ChainCatcher news, State Street Global Advisors' Asia-Pacific economist Krishna Bhimavarapu stated that Australia's weak first-quarter GDP growth has increased the likelihood that the Reserve Bank of Australia will ease policy faster than expected, and that the rate cut in July may be larger. The GDP data also addresses a debate regarding whether the period during which the Reserve Bank of Australia maintains the cash rate could exceed the necessary time, thereby impacting economic growth.