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RBA meet February 7 - preview. Poll finds 30 of 31 analysts expect a 25bp rate hike.

RBA meet February 7 - preview. Poll finds 30 of 31 analysts expect a 25bp rate hike.

When Q4 inflation was reported at 7.8% and December (month) inflation hit 8.4% a Reserve Bank of Australia rate hike became a no-brainer. The Reserve Bank of Australia have it splashed on the front page of their website:

The meeting is February 7,

  • the decision and statement are due at 2.30pm Sydney time, which is 0330 GMT and 10.30 pm US ET
  • the RBA CPI inflation band is 2 - 3%

Reuters polling has found that 30 of 31 analysts expect +25bp at this meeting:<... Read More

Posted: Feb 3 2023, 00:15
Author Name: forexlive
Views: 110889

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