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Westpac now forecasting a November Reserve Bank of Australia rate hike

Westpac now forecasting a November Reserve Bank of Australia rate hike
An Reserve Bank of Australia forecast from WPAC focused on the upcoming meeting on November 7.In brief:Inflation is declining, but not fast enough for the RBA to hold rates unchanged, given their recent rhetoric. There are arguments either side, so this month's expected rate rise does not necessarily imply that rates will increase again in December.More:Has the RBA seen enough to move? At 1.2% in the quarter, both headline and trimmed mean inflation was a little higher than the Westpac team expe... Read More
Posted: Oct 26 2023, 00:16
Author Name: forexlive
Views: 112549

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