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ICYMI - NAB changed forecast for RBA next week to 'on hold' (prior was +25bp rate hike)

Justin had the news posted on Wednesday on the change of call from the National Australia Bank:NAB now sees no RBA rate hike in AugustNAB reasons that it expects the RBA to leave rates unchanged in August on the back of:1, the Q2 CPI result:Australian Q2 Headline CPI 0.8% q/q (vs. 1.0% expected)and 2, while it continues to monitor incoming data on the economy's response to rate rises so far. NAB analysts add that services inflation remains high and “by itself increases the risk that inflation wi... Read More

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Icymi

Changed

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Week

Hold

Prior

25bp

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prior

Forex

Posted: Jul 26 2023, 20:43

Author Name: forexlive

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