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Two outliers are forecasting another 75bp of rate hikes from the RBA, cash rate to 4.6%

Bloomberg (article is gated) cite two economists looking for continued aggressive cash rate hikes form the Reserve Bank of Australia. Credit Suisse equity and macro strategist Yaying Dong sees the Reserve Bank’s cash rate at 4.6% by Septembersays as services inflation becomes “much more entrenched.”our models suggest that core inflation is just going to take a much longer time to return back to the target unless the RBA were to raise rates more aggressivelystill plenty of growth drivers in the e... Read More

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Posted: Jun 1 2023, 23:22

Author Name: forexlive

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