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Australian fund manager says there's a 40% chance of an RBA rate hike in November/December

Dr. Shane Oliver, Head of Investment Strategy and Chief Economist at AMP Capital Investors was speaking with local media, ABC.Says there is a 40% chance of a 25bp interest rate increase from the Reserve Bank of Australia at the November or December meeting. Says this would be following inflation data and perhaps wages data. Says the RBA is concerned that if wages pick up too much it may push beyond levels consistent with its inflation target.As noted earlier the next official quarterly CPI is du... Read More

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Posted: Oct 2 2023, 02:21

Author Name: forexlive

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