Australia Q2 GDP Slows to 1.5% Annualised, RBA Rate Outlook Shifts

Australia's Q2 GDP grew 0.4% quarterly (2.1% yearly), marking a sharp deceleration from H2 2025's 2.8% annualised pace to H1 2026's 1.5%. Household consumption stalled at just 0.4%, signalling weakening domestic demand. This slowdown pressures the RBA's growth-inflation balancing act and likely weighs on AUD across major pairs including AUD/USD and AUD/JPY.