FX BANK FORECAST · COVERAGE
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 36 institutional desks. No promotion.
See how the Reserve Bank of Australia outlook moves the AUD bank consensus across 36 desks
View Reserve Bank of Australia outlookFrom the original
Major banks converging on a hold call . Westpac, like CBA earlier is looking for on hold tomorrow from the Reserve Bank of Australia, a strong signal for AUD stability around the August meeting. The softer Q2 CPI print has genuinely shifted the consensus. Westpac's framing that o
The desk anticipates that the Reserve Bank of Australia (RBA) will maintain its cash rate at 4.35% for the remainder of 2026, with potential rate cuts beginning in 2027. This outlook is supported by Commonwealth Bank's recent analysis, which highlights inflation concerns and a downgraded GDP forecast. Per the full note [source], the RBA's decision to raise rates for the third consecutive time reflects a cautious approach to monitoring economic developments, particularly in light of inflationary pressures stemming from energy costs. The desk notes that the market's current pricing may not fully reflect the potential for an August rate hike if inflation data surprises to the upside.