Goldman Sachs expects the Reserve Bank of Australia to raise interest rates again in May.

A report from the team of economists at Goldman Sachs led by Andrew Boak indicates that the Reserve Bank of Australia will maintain a hawkish stance on monetary policy and may raise the benchmark interest rate by 25 basis points to 4.1% in May. Inflation is expected to slow down in the first half of 2026. Goldman Sachs predicts two interest rate cuts during the period from February to May 2027 as part of a "normalization" process.