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Reserve Bank of Australia policy decision still to come, an 'on hold' preview

ING preview the Reserve Bank of Australia decision due at 2.30pm Sydney time:0430 GMT0030 US Eastern time Of 32 economists surveyed by Bloomberg, 13 expect a rise of 25bp to 4.35%, while 19 (including ourselves) expect no change to the current 4.1% cash rate target. The main reasons for our decision are as follows: The RBA hiked in June, and although the data has been mixed, back-to-back hikes seem excessive with rates already at an elevated level. Moreover, the run of recent inflation data has... Read More

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Reserve

Bank

Australia

Policy

Decision

Still

Come

Hold

Preview

Forex

Posted: Jul 4 2023, 01:25

Author Name: forexlive

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