Reserve Bank of Australia policy meeting on Tuesday 2 August - preview
The RBA is widely expected to hike cash rate by 50bp tomorrow, again in September.
NAB preview the meeting
- The RBA meets on Tuesday and is expected to deliver another 50bp hike , taking the cash rate to 1.85% and its highest since April 2016.
- A 50bp hike is the overwhelming consensus (22 of 23 analysts surveyed) and 47bp is currently priced by markets.
- The possibility of a larger hike of >50bps though cannot be entirely ruled out.
NAB add a heads up to the RBA's Statement on Monetary Policy due Friday (August 5):
- A full forecast update comes Friday in the August SoMP. The RBA will have to lift its inflation profile and lower its near-term unemployment projection with the focus on whether the forecasts show a credible path back to at target inflation.
#trading# #OPINIONLEADER# #BeginnerTalk# #community# #FX# #AUD/USDJumps# #traderoftheweek# #NewTraders# #FCOIN-# #TradingCentral# #Todayanalysis# #Signal# #investment# #forexmarket# #strategysubscription# #MoneyGainInvestment#
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.