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Commonwealth Bank of Australia forecast a 25bp RBA rate hike on November 7
Via CBA, their outlook for the Reserve Bank of Australia:CPI stronger than expected – RBA to hike the cash rate in November The headline CPI rose by 1.2%/qtr in Q3 23 and the annual rate dipped to 5.4%. The RBA’s preferred measure of underlying inflation, the trimmed mean, increased by a solid 1.2%/qtr and the annual rate stepped down to 5.2 % (from 5.9% in Q2 23) . We expect the RBA to act on their hiking bias and raise the cash rate by 25bp at the November Board meeting to 4.35%More:The RB...
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Posted: Oct 25 2023, 03:18
Author Name: forexlive
Views: 042399
