Started by forex4you, Jun 02, 2023, 06:25 am
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Bloomberg (article is gated) cite two economists looking for continued aggressive cash rate hikes form the Reserve Bank of Australia.
Credit Suisse equity and macro strategist Yaying Dong sees the Reserve Bank's cash rate at 4.6% by September
Macroeconomics Advisory's Stephen Anthony is forecasting one rate hike in each of Q3 and Q4 of 2023 and Q1 of 2024:
I described these two as outliers in the headline to this post, and they are. But, given how very slow the RBA were to catch on to rising inflation and how far behind the curve they got these outliers may well prove to be correct. We'll see.
The RBA rate hike cycle so far:
The next Reserve Bank of Australia meeting is on June 6.
Reserve Bank of Australia Governor Lowe is speaking publicly the next day.
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