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Goldman Sachs tip further RBA rate hikes in the wake of the hawkish Australian budget

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... Read More
Posted: May 12 2023, 01:29
Author Name: forexlive
Views: 111778

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