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Commonwealth Bank expect the Reserve Bank of Australia to hike cash rate by 25bp next week

Commonwealth Bank of Australia economists on the RBA meeting next week. In summary from a longer piece:In another finely balanced decision,we expect the RBA to hike the cash rate one final time in August to 4.35%The RBA noted in July that fresh staff forecasts and the economic data flow would be available for the August decision.On balance we expect a still strong labour market and lingering concerns around the inflation and wages growth outlook will outweigh a slightly lower than expected June... Read More

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Posted: Jul 28 2023, 02:15

Author Name: forexlive

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