RBA raises cash rate by 25 bps to 4.60%, highest since 2011
AUD/USD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
Citi | Bearish | 0.6700 |
Crédit Agricole | Bullish | 0.7300 |
Deutsche Bank | Neutral | 0.6950 |
All 23 desk targets for AUD/USD
From the original
Cash rate decision 4.60% Prior decision 4.35% Today’s policy decision was unanimous Since the previous meeting, some of the upside risks to inflation are materialising There continue to be heightened uncertainties about the outlook for domestic economic activity and inflation RBA
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RBA raises cash rate to 4.35% in May monetary policy meeting, as expected
The Reserve Bank of Australia (RBA) has raised its cash rate to 4.35% in the May monetary policy meeting, a move anticipated by market participants. Per the full note [source], traders had priced in approximately 85% odds of a 25 basis point increase, with expectations for a total of around 61 basis points of hikes by year-end. This decision aligns with the broader trend of central banks tightening monetary policy in response to persistent inflationary pressures. As the RBA continues to navigate these economic challenges, market reactions will be closely monitored for further directional cues.
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