RBA Preview: Forecasts from seven major banks, 50 bps rate hike for four months in a row RBA InterestRate AUDUSD Banks Macroeconomics
The Reserve Bank of Australia will announce its next policy decision on Tuesday, September 6 at 04:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of seven major banks regarding the upcoming central bank's decision.
by 25 bps in each of the months in Q4. The risk is for the RBA to hike again by 50 bps at the upcoming meeting given elevated inflation and inflation expectations.”“We expect the RBA to hike the cash rate 50 bps at its Sep Board Meeting – the cash rate remains below neutral and data has generally been firm. Of more interest is whether Governor Lowe mirrors an urgency to get on top of inflation like the Fed/BoC/RBNZ.”“We expect the RBA to hike by another 50bps.
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