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CBA says Australian budget not inflationary, and that the RBA cash rate has peaked
Via a Commonwealth Bank of Australia note on their Reserve Bank of Australia outlook.This is the summary:Our assessment is that the 2023 Commonwealth Budget does not add to inflationary pressures in the economy.As such, we have not changed our forecast profile for inflation or our call on the RBA.Our central scenario puts the current 3.85% as the peak in the cash rate, while the near-term risk sits with another rate hike.Despite the 2023 Budget’s modest and targeted 'cost of living relief’, the...
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Posted: May 11 2023, 22:48
Author Name: forexlive
Views: 111863