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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...
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Posted: Jul 28 2023, 01:55
Author Name: forexlive
Views: 112275