Westpac sees RBA hold at the June 15-16 meeting, but more hikes ahead - investingLive

Westpac sees RBA hold at the June 15-16 meeting, but more hikes ahead

RBA and inflation view: June hold affirmed, increases still ahead - Westpac IQ

Westpac sees upside inflation risks after RBA lifts cash rate to 4.35% in 8-1 vote

The desk sees the RBA's recent rate hike as a signal of persistent inflation pressures, particularly influenced by geopolitical factors. Per the full note [source], the RBA raised its cash rate by 25 basis points to 4.35%, with an 8-1 vote reflecting a stronger consensus than the previous meeting. However, the dovish tone from Governor Bullock suggests that while further tightening is possible, the June meeting could see a pause. This nuanced stance is critical as it indicates a balancing act between combating inflation and acknowledging potential economic headwinds.

Reuters poll in near unanimous: RBA seen holding at 4.35% on June 16