BoA say the Reserve Bank of Australia (& BoC) may have slowed pace of rate hikes too early<p>Analysts at Bank of America lump the RBA and Bank of Canada in together.</p><p>Say that these two were the first major central banks to </p><ul><li>downshift the speed of their rate hikes </li></ul><p>However, since their respective decisions:</p><ul><li>strong data came out suggesting they may have pivoted too early</li></ul><p>BoA conclude:</p><ul><li> the exit path for central banks does not always run in a straight line</li></ul><p>In Australia the most recent official inflation data surely did show a jump after the Reserve Bank of Australia ratcheted down its rate hikes from +50 to +25. They are a stubborn bunch at the RBA, though, and are likely to stick to their +25 sized hikes in the coming month (December 6 is the final RBA meeting for 2022, the first for 2023 is February 7) ahead regardless of data. </p><p>The hiking cycle so far:</p>
This article was written by Eamonn Sheridan at forexlive.com.
Source: BoA say the Reserve Bank of Australia (& BoC) may have slowed pace of rate hikes too early (https://forexlive.com/centralbank/boa-say-the-reserve-bank-of-australia-boc-may-have-slowed-pace-of-rate-hikes-too-early-20221108/https://forexlive.com/centralbank/boa-say-the-reserve-bank-of-australia-boc-may-have-slowed-pace-of-rate-hikes-too-early-20221108/)
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