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UBS forecasts a November RBA interest rate hike, and likely more to come after that
UBS response to Wednesday's upside surprise in Australian inflation data, its Australian economist forecasts a 25bp Reserve Bank of Australia cash rate hike at its November 7 meeting:“RBA Governor Bullock’s speech last night effectively specified they ‘will not hesitate to raise the cash rate further’ – implying a hike of 25bp at their November meeting – ‘if there is a material upward revision to the outlook for inflation’” “UBS has for several months highlighted the material risk the RBA could...
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Posted: Oct 25 2023, 21:59
Author Name: forexlive
Views: 112261