The RBA seems happy that inflation is heading in the right direction, but it’s a difficult path from here to the 2-3% band, notes Pendal’s head of government bond strategies Tim Hext.

A soft landing is more likely, but we're unlikely to see rates cuts unless the economy turns weaker. 

Here's a quick overview from Pendal portfolio manager Tim Hext, who heads up government bond strategies for our Income and Fixed Interest team. 

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Find out more about Pendal's fixed income strategies at pend.al/fixedinterest

Pendal is a global asset manager. Find out more at pendalgroup.com

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