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AUD - Westpac says RBA rate hike peak will be in May 2023

AUD - Westpac says RBA rate hike peak will be in May 2023

A note from Australian bank Westpac with their FOMC and RBA outlook for this year.

Main points:

  • Inflation is expected to ease substantially in both Australia and the US in 2023.
  • However, the key services inflation cycle looks to be ahead for Australia while it is slowing in the US.
  • Wage inflation in Australia is still lifting as labour markets remain tight through the first half of the year. Headline inflation in Australia will also be held up in 2023 by ri... Read More
Posted: Jan 20 2023, 01:30
Author Name: forexlive
Views: 111977

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