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RBA to raise cash rate by 25 bps to 4.35% next week - Reuters poll
Of note, 16 of the 31 economists polled are expecting a 25 bps rate hike with the remaining 15 anticipating a pause instead. That's pretty much a 50-50 call and if you look at the OIS pricing, the probability of a 25 bps rate hike is only at 37% as opposed to no change at 62% roughly at the moment.Going back to the poll, you can at least see the nature of the evolution in the hawkish pricing for the RBA over the past month:Among Australia's "big four", only CBA is anticipating no change by the c...
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Posted: Jun 30 2023, 05:19
Author Name: forexlive
Views: 081038