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Goldman Sachs tip further RBA rate hikes in the wake of the hawkish Australian budget
Goldman Sachs said the lift to household incomes as a result of the budget (released Tuesday in Australia) is incrementally hawkish:forecasts another Reserve Bank of Australia rate hike in July and warns there are further to come after that “At a time when the RBA is lifting rates to contain elevated inflation and accelerating labour costs, we assess the budget’s near-term boost to household incomes to have an incrementally hawkish read-through for monetary policy,” “Especially given surging mig...
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Posted: May 12 2023, 01:29
Author Name: forexlive
Views: 111778