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Westpac expects the Reserve Bank of Australia to hike cash rate by 25 bp next week

Westpac expects the Reserve Bank of Australia to hike cash rate by 25 bp next week
more to comeIn summary from WPAC:The Board is expected to be guarded on the positive news on headline inflation for the June quarter. Just as we saw at the May meeting - risks to achieving the inflation path, particularly in 2024, should see the Board taking more insurance and maintaining its tightening bias. Westpac has consistently argued that a further increase in the cash rate should be the appropriate policy response at the August meeting and we confirm that view. We also believe that the... Read More
Posted: Jul 28 2023, 01:55
Author Name: forexlive
Views: 092085

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