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MNI RBA Review - December 2022: 25bp Hike, Time To Assess Data

RBA
  • The RBA hiked rates 25bp to 3.1%, as was widely expected. This brought the cumulative tightening this cycle to 300bp and the cash rate to just above the mid-point of the central bank's estimated range for neutral.
  • Given the continued tightening bias, that Q4 CPI prints on January 25 and the RBA's inflation forecasts above target, we expect a further 25bp hike in February with another one possible in March given wages print on February 22.
  • Click to view full review: MNI RBA Review - December 2022

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