Bank consensus builds for near term RBA hike as economists cite sticky inflation - investingLive
From the original
Bank consensus builds for near term RBA hike as economists cite sticky inflation investingLive
Related speeches
4 itemsBank consensus builds for near term RBA hike as economists cite sticky inflation
The prevailing sentiment among economists indicates a high likelihood of an RBA rate hike within the year, driven by persistent inflation concerns. Per the full note [source], six out of seven major banks now foresee at least one rate increase, narrowing the debate to the timing of such a move, particularly focusing on the upcoming September and November meetings. This shift translates to expectations of rising bond yields and upward pressure on the Australian dollar as markets react to inflation data and economic indicators leading up to these meetings. With CBA's adjustment to anticipate a hike in November, now at 4.60%, the market's response will be critical, particularly as data releases on employment and GDP come into play ahead of the RBA decisions, making every data point a substantial market signal.
There is a cascade of analysts forecasting a near term RBA rate hike. Westpac says No.
More from GOOGLE NEWS
5 items- GOOGLE NEWS
DAX, GBP/USD Forecast: Two trades to watch - City Index UK
- GOOGLE NEWS
DAX, GBP/USD Forecast: Two trades to watch - FOREX.com
- GOOGLE NEWS
Australian Dollar holds strong due to RBA rate hike bets - FXStreet
- GOOGLE NEWS
There is a cascade of analysts forecasting a near term RBA rate hike. Westpac says No. - investingLive