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ANZ Now Sees RBA On Extended Pause

RBA

ANZ has shifted its RBA outlook. The bank now expects the central bank to be on hold for an extended period. The bank had previously seen the cash rate peak at 4.35%, but now expects that at 4.10%.

  • "Adam Boyton, ANZ head of Australian economics, said it was still possible the Reserve Bank of Australia (RBA) could raise rates at its next meeting in August but that economic events and the RBA's recent communication suggested a pause was likely."
  • ""It reflects an assessment of the economy based on a deterioration in forward-looking labour market indicators, good news on the global inflation front and increasing anecdotal evidence that the most recent rate hikes have had an impact on consumer behaviour," Boyton said in a note."
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