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MNI RBA Review - July 2022: More To Come With Rates No Longer Low(e)

RBA

EXECUTIVE SUMMARY


  • The RBA delivered the widely expected 50bp hike at the end of its July meeting, reiterating its forward guidance surrounding further policy normalisation.
  • The Bank still feels that the resilient domestic economy will provide it with the base to tighten further, but there was a slightly more cautious feel to the post meeting statement
  • We pencil in a 50bp hike for the August meeting, although we note that market pricing surrounding the terminal cash rate (~3.50%) continues to look aggressive.
  • Click to view full review.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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