HomeEconomyRBA to hike rates further this year, economists say in snap poll Economy RBA to hike rates further this year, economists say in snap poll By inew May 4, 2023 0 122 views Share FacebookTwitterPinterestWhatsApp multiple Sexual sclerosis -1.% Add to/Remove from Watchlist Add to watch list Add Job Location added successfully: Please name your holding portfolio type: purchase Sell date: quantity: price Point value: Leverage: 1:11: 1: 1: 1:101: 11 1: 25 1: 13 1: 11 Committee: 2025 8056 Create New Watchlist Create 2025500 200 create a new portfolio add create2025500 + add another position to close Author: Devayani Sathyan BENGALURU (Reuters) – The RBA may offer another -Rise interest rate to 4 basis points at the end of September. % After Tuesday’s surprise rate hike, a quick Reuters poll showed a slim majority of economists said. The Reserve Bank of Australia, which apologized last year for giving unclear guidance, has sent mixed signals in recent months about its inclination to raise rates further or pause them, despite Governor Philip Lowe said on Tuesday the bank was “very serious” about controlling inflation. On May 2, the RBA shocked economists and financial markets by raising interest rates. The vast majority expect no change because they took their cue from the April meeting, when the central bank paused policy amid slowing inflation. “RBA communication this year makes it difficult to extrapolate meeting communication – but we have been expecting the RBA will need to raise rates further,” Australian economist Chris Read wrote 200 Morgan Stanley (NYSE: 200 multiple sclerosis ). “We are maintaining our forecast for a final rate of 4.1%. Our expectation is that the final rate hike will occur in August. However, we will point out that there are The key catalyst for this is likely to come early at the June or July meeting.” More than half of the respondents in the Reuters poll economist, of, the RBA is expected to increase at least its official cash rate by the end of September, with a median of 4. %. the remaining Expect it to stay at 3. % same as market price. Exceed12% of respondents, of, it is expected that the central bank will not rate hike at the meeting, while four forecast basis point hikes. Of the major local banks, only ANZ forecasts The pause time will be extended. ” The RBA retains its interest in raising the cash rate bp, but we suspect it is in There will be no further rate hikes in the coming months,” said Marcel Thieliant, head of Asia Pacific at Capital Economics, who was one of the few who correctly predicted Tuesday’s outcome. The median forecast sees the cash rate remaining at 4. % until the end of the year, basis points above the peak expected in the April poll. Latest polls are ahead of Wednesday’s Fed meeting Ongoing, when rate hikes are expected base point. According to the central bank’s latest forecasts, inflation is expected to fall within the RBA’s target range ed range in the middle 52, about later than expected in another Reuters poll up one year. Share FacebookTwitterPinterestWhatsApp Previous articleCan AI write funny “30 Rock” scenes?Next articleMeme Coin Mania Sweeps The Globe: Top 10 Countries Leading The Craze In 2023 inewhttps://inew.news RELATED ARTICLES Economy Headline inflation in Thailand falls to lowest in 21 months in May June 6, 2023 Economy Japan April wages rise after spring labor talks June 6, 2023 Economy OpenAI CEO sees Israel playing 'tremendous' role in de-risking tech June 5, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. USA Trends Messi-mad Indian mom driving to Qatar to see hero in his final World Cup December 7, 2022 Drew Brees fakes lightning strike in promotional stunt for online sportsbook December 3, 2022 Who could be speaker, if not Kevin McCarthy December 3, 2022 3 bold Utah football predictions for Pac-12 Championship vs. USC December 3, 2022 Load more LAST NEWS OnePlus Nord N30 5G unveiled: Snapdragon 695 SoC, 108MP camera and 5,000 mAh battery June 6, 2023 Pepecoin Frenzy Fades: How Meme Token’s Price, Market Cap Were Cut In Half June 6, 2023 Ethereum Price Bearish Breakdown – Why Drop Isn’t Over Yet June 6, 2023 Bitcoin Price Nosedives Below Support As Bears Target $25K June 6, 2023 Load more Featured NEWS Late-night host remembers Queen Elizabeth II: 'Guiding beacon' September 9, 2022 Moldova gets approval to export poultry meat and eggs to Europe April 1, 2023 Queen Elizabeth and Princess Margaret: A look back at the Royal Sisterhood, in 39 photos September 9, 2022 China box office: Blockbuster anime 'Slam Dunk' hits $56M debut April 24, 2023 Load more
