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Westpac are forecasting a +25bp cash rate hike at the RBA meeting on December 6 2022
WPAC citing, (very) brief summary by me:
- The Minutes of the November meeting revealed a new guideline for monetary policy, “acting consistently would support confidence in the monetary policy framework.”
- Having unexpectedly pivoted from increments of 50 basis points to 25 basis points in October moving back to 50 would not have been a “consistent” action.
- The motive of “consistency” does seem to be at cross purposes with the core policy of “[t]he size and timing of... Read More
Posted: Dec 2 2022, 04:12
Author Name: forexlive
Views: 102228
