RBA's Hunter says rates may need to rise again as inflation risks stay tilted higher
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Markets have priced in a 95% chance the RBA board lifts the cash rate to 4.60% at its September 29 meeting, with rates seen peaking at 4.85% by early next year. Hunter's remarks, pointing to upside inflation risks from Middle East driven oil costs and domestic demand running ahea
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NAB calls June RBA hike to 4.60% as Middle East inflation compounds domestic pressures
The desk anticipates a rate hike from the RBA to 4.60% in June, driven by escalating inflation pressures both domestically and from the Middle East conflict. Per the full note [source], NAB's analysis highlights that the RBA cannot afford to let inflation run unchecked, especially following a significant rise in purchase costs reported in their March Business Survey. This view diverges sharply from peers like ING and CBA, who expect a pause after the recent hike to 4.35%. The upcoming RBA meeting on June 15-16 will be pivotal in determining market sentiment around these forecasts.
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