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ANZ still expect a rate rise from the RBA next week, a +25bp cash rate hike

An unchanged call for the Reserve Bank of Australia even after the better inflation figures earlier:ForexLive Asia-Pacific FX news wrap: Australian inflation surge slows a littleANZ:We still expect a rate rise from the RBA in July despite the deceleration of monthly inflation (though the risk of a pause increases). CPI ex volatile items and holidays barely moved in May. Strong jobs momentum may also sway the RBA’s decision towards a rise.ANZ are forecasting a +25bp cash rate hike. The RBA meet o... Read More

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Posted: Jun 28 2023, 03:59

Author Name: forexlive

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