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Analyst says the RBA cash rate has peaked at 4.1%, from prior forecast of 4.85%.

TD analysts are forecasting the Reserve Bank of Australia have reached the peak of the cash rate. The analysts concede there is still the possibility of a November rate hike:Should the labour market remain firm and there is evidence that higher labour costs are being passed throughAnd add further cash rate upside risks come from higher property prices supporting consumption (through the wealth channel) and higher oil prices. TD concludes with the implications of the terminal rate having been rea... Read More

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Posted: Aug 14 2023, 02:23

Author Name: forexlive

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