RBA: One final 25 bps hike in Sep, taking the cash rate to 4.85% – TDS RBA InterestRate Australia Banks
The red-hot Australian labour market poses the threat that inflation expectations become unanchored given weak productivity and upside risks to the RBA's wages forecasts. TD now expects the RBA to hike the target cash rate by 25 bps at its July meeting.
We pencil in one final 25 bps hike in Sep, taking the cash rate to 4.85%. Whether the RBA takes the cash rate above 5% will be dependent on how quickly the stock of excess savings is run down.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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