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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...
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Posted: Aug 2 2023, 02:11
Author Name: forexlive
Views: 102586