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National Australia Bank expect one more Reserve Bank of Australia rate hike

National Australia Bank expect one more Reserve Bank of Australia rate hike
National Australia Bank on the Reserve Bank of Australia yesterday:Yesterday the RBA kept rates on hold at 4.10% as we had expected, but consensus was split going into the meeting with markets pricing just a 24% chance of a hike, while 18/30 economists were tipping a hike. Despite that hawkish bias, the extended staff forecasts to end 2025 (from mid-2025) gave a less hawkish feel. Importantly, CPI inflation is forecast to be within 2-3% by late 2025, and relative to the prior May SoMP the end 2... Read More
Posted: Aug 2 2023, 02:11
Author Name: forexlive
Views: 102586

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