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Forecast for a +25bp RBA cash rate increase due to "ongoing inflation and wages concerns"

A forecast for the Reserve Bank of Australia monetary policy decision due Tuesday, 6 June 2023 at 2.30pm local time0430 GMT and 1230 US Eastern time AMP is tipping a +25bp cash rate hike citing:The Fair Work Commission’s decision to increase award rates of pay by 5.75% and the still tight labour market means its looking increasingly likely that wages growth (now running at 3.7%yoy) will push beyond the 3 to 4% comfort zone This is at a time when productivity is very poor adding to the risk of f... Read More

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Forecast

25bp

Cash

Rate

Increase

Ongoing

Inflation

Wages

ongoing

Concerns

Forex

Posted: Jun 5 2023, 21:51

Author Name: forexlive

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