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Standard Chartered cut their RBA terminal rate forecast by 25 basis points

Standard Chartered were forecasting a 25bp rate hike at the Reserve Bank of Australia's September and November meetings but have dropped the September rate hike forecast. Are now expecting just one further rate hike of 25bp in November. Stan Chart reasoning:We still expect a hike in November as inflation – while it may have peaked – likely remains too high. There is little margin for error, in our view, considering the RBA’s already patient stance forecasting inflation to return to the upper bou... Read More

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Posted: Aug 29 2023, 23:53

Author Name: forexlive

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