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What is priced in for the RBA policy decision next week?

In terms of market pricing, we're not seeing strong conviction expecting the RBA to raise the cash rate next week. Based on cash rate futures, there is a roughly 63% probability that there will be no change with the other 37% expecting a 25 bps rate hike. If you want to get a sense of what economists are expecting, it's pretty much a dead even call.Taking a look at the curve in the cash rate futures pricing, you can see the hawkish developments in the past four weeks. The redline represents the... Read More

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Posted: Jun 30 2023, 10:02

Author Name: forexlive

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