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It's a close call on a RBA rate hike for next week

The latest poll by Reuters shows that 20 of 36 economists are expecting the RBA to announce a 25 bps rate hike to 4.35% next week. If so, that will represent the highest cash rate in nearly 12 years. For me, that's still quite a split decision as the other 16 economists (45%) are voting for no change to the cash rate.Meanwhile, among Australia's "big four" banks - whose views tend to hold more weight - there is a split in the call as well. CBA and Westpac are both still expecting a 25 bps rate h... Read More

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Posted: Jul 28 2023, 05:01

Author Name: forexlive

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