Jul 29, 2026 – 2.47pmBond investors have slashed expectations for another interest rate rise from the Reserve Bank of Australia this year after a soft inflation print on Wednesday suggested the economy was cooling at a faster clip than even the central bank expected.Traders have all but abandoned their bets for an August rate increase, pricing in just a 3 per cent chance of a move higher when the RBA board convenes in less than a fortnight. Before the data hit, the market had priced in a roughly 21 per cent chance.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles