Reserve Bank tipped to cut cash rate amid growing confidence Australia’s inflation is being tamed

Market pricing implies 95% chance of quarter point drop to 3.85%, but there's also speculation of surprise bumper half percentage point cut

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The Reserve Bank is expected to cut the cash rate on Tuesday, easing pressure on indebted households grappling with high living costs and elevated mortgage repayments.

Market pricing implies a 95% chance the level will fall by a quarter point to 3.85%, amid growing confidence that inflation is being tamed.

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