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ANZ, CBA, NAB & Westpac all expect Reserve Bank of Australia pause at next week's meeting

Started by forex4you, Jun 02, 2023, 06:26 am

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ANZ, CBA, NAB & Westpac all expect Reserve Bank of Australia pause at next week's meeting

The next Reserve Bank of Australia meeting is on June 6.

  • statement is due at 2.30 pm Sydney time, which is 0430 GMT and 12.30am US Eastern time

All four of Australia's major banks, ANZ, CBA, NAB & Westpac, expect an 'on hold' decision from the RBA at this June meeting.

Reuters polling finds 22 of 30 analysts survey expect on hold

  • 8 of the 30 expect a +25bp rate hike
  • market pricing puts the probability of a hike around 33%

ANZ do expect another 50bp further ahead:

National Australia Bank expect +25bp further ahead:

RBA current cash rate



                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: ANZ, CBA, NAB & Westpac all expect Reserve Bank of Australia pause at next week's meeting

forexlive.com
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