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Westpac says Reserve Bank of Australia now on hold until first rate cut in September 2024

Westpac says Reserve Bank of Australia now on hold until first rate cut in September 2024
Westpac says the rate hike cycle in Australia is over. RBA now on hold until first rate cut in September 2024The RBA is now confident that the latest data points to it achieving its inflation target by mid 2025; hurdle for more rate hikes looks very high; especially given that the economy is likely to continue operating well below trend despite a tight labour market This article was written by Eamonn Sheridan at www.forexlive.com... Read More
Posted: Aug 3 2023, 00:59
Author Name: forexlive
Views: 110564

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