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Cash rate in Australia seen at 3.85% by end of June (poll) and held there until end-2023

Cash rate in Australia seen at 3.85% by end of June (poll) and held there until end-2023

Reuters poll of analysts ahead of the Reserve Bank of Australia meeting next week, Tuesday March 7 at 2.30pm Sydney time:

  • statement due at 0030 GMT, which is 7.30pm US Eastern time

27 of 28 analysts polled expect the RBA to raise the cash rate next week b y 25bp to 3.6%

  • 1 forecasts +15bp
  • consensus view is for the cash rate 3.85% by the end of June and held there for the rest of the year
  • A third of respondents are tipping 4.1% by the end of Ju... Read More
Posted: Mar 3 2023, 00:17
Author Name: forexlive
Views: 092177

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