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AUD traders - NAB says CPI data to be higher than RBA expects, forecast November rate hike

AUD traders - NAB says CPI data to be higher than RBA expects, forecast November rate hike
National Australia Bank is forecasting a November Reserve Bank of Australia interest rate hike of 25bp, which will take the cash rate to 4.35%.NAB on the Q3 CPI data that's due on Wednesday, 25 October 2023 at 11.30 am Sydney time, whoch is 0030 GMT and 2030 US Eastern timein summary:services inflation set to remain highgoods disinflation to sustain in Q3but expect an upside surprise to the RBA’s August SoMP inflation forecastexpect continued disinflation as the economy experiences a period of b... Read More
Posted: Oct 23 2023, 21:51
Author Name: forexlive
Views: 063017

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