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MNI RBA Preview - April 2023: April Pause, Q1 CPI To Determine May Outcome

RBA
  • The April 4 RBA meeting is going to be particularly close but it is likely rates will be kept at 3.6% as the Board watches and waits for more information on domestic and global developments. But economists are split and many expect another 25bp hike. However, given that rates are now in restrictive territory, the Board has the luxury to pause in April and reassess at the May meeting.
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