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RBA is expected to hike its cash rate by 25 bps in December, February, and March to 3.60%

RBA is expected to hike its cash rate by 25 bps in December, February, and March to 3.60%

Latest from National Australia Bank on their Reserve Bank of Australia outlook:

  • We expect the (monthly CPI) data to further solidify the need for the RBA to continue hiking in the near-term and see the RBA hiking rates by 25 bps in December, February, and March to 3.60%.
  • Thereafter the key for the RBA outlook is whether wages growth remains consistent with a return of inflation to target as we assume – Governor Lowe has previously cited WPI wages growth of around 3½-4.0% a... Read More
Posted: Nov 29 2022, 23:21
Author Name: forexlive
Views: 111744

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