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MNI RBA Preview - May 2023: RBA On Hold, But Close Call

RBA
  • The May meeting decision is likely to be very close but given that inflation has peaked and that April was the first pause, rates are likely to be left unchanged at 3.6% on May 2. Governor Lowe will speak in the evening following the meeting.
  • The meeting statement will also include some indication of the updated forecasts, which will be published in full in the Statement on Monetary Policy on May 5. Forecasts are unlikely to be revised significantly from February. The guidance is also unlikely to change substantially.
  • See full preview here.

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