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ANZ forecasts a 25bp RBA interest rate hike on November 7 (previous forecast was December)

ANZ forecasts a 25bp RBA interest rate hike on November 7 (previous forecast was December)
ANZ were previously forecasting a 25bp hike in December but have dragged it forward to November. +25bp on November 7to take the cash rate to 4.35% from its current 4.1%In response to:Australian Q3 2023 Headline CPI +1.2% q/q (vs. 1.1% expected)AUD/USD jumped higher on Australian inflation data, November 7 rate hike is likely now.I concur:Australia - market is rapidly pricing in a November rate hike after surging inflation dataAUD/USD update: This article was written by Eamonn Sh... Read More
Posted: Oct 25 2023, 01:27
Author Name: forexlive
Views: 042370

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