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Westpac reaffirms its forecst for a 25bp Reserve Bank of Australia rate hike on July 4

more to comeWPAC are expecting a 0.25% increase in the RBA cash rate at the July 4 meeting, citing:Tight labour markets, limited progress on reducing core inflation and a pivot in the Board's reaction function support our forecast for a rate increase in July with a further 0.25% increase to follow in August With core inflation holding above 6%; the unemployment rate holding nearly 1 ppt below the NAIRU (RBA’s estimate) and the cash rate only around 1 ppt into contractionary territory (we see neu... Read More

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Westpac

Reaffirms

Forecst

25bp

Reserve

Bank

Australia

Rate

Forex

Posted: Jun 30 2023, 00:05

Author Name: forexlive

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