RBA weighing further rate rise this month as Dep gov Hauser cites three-headed risk
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Hauser's Tuesday evening comments keep a September rate hike firmly on the table across Australian rates, currency and equity markets, even though he avoided calling it a certainty. The Australian dollar is the most direct read-through, with a clearer tightening bias typically su
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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.
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