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Reserve Bank of Australia expected to raise the cash rate by 25bp in May

As part of Westpac's report on the leading index (Australian March leading index records its eighth consecutive negative print) is this on the bank's projections for the May meeting of the Reserve Bank of Australia:The Reserve Bank Board next meets on May 2. Westpac continues to forecast a further increase in the cash rate at the meeting of 0.25% to a peak of 3.85%. The minutes from the April meeting, which saw an expected pause in rate hikes, emphasise that the Board retains a clear tightening... Read More

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Content Topics

Reserve

Bank

Australia

Expected

Raise

Cash

Rate

25bp

Forex

Posted: Apr 19 2023, 01:28

Author Name: forexlive

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