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(RPT)MNI STATE OF PLAY: RBA Seen Leaning Towards 50bps Hike

MNI (PERTH)

RBA Governor Philip Lowe says a 25bps hike will be considered but a 50bps hike to 2.85% is expected in order to lift policy above the Bank's estimated neutral rate.

(Repeats article first published on Sept 30)

Reserve Bank of Australia Governor Philip Lowe has telegraphed the Board will consider both a 25bps and 50bps hike at its Oct 4 meeting, with the larger hike more likely given policy sits below the Bank’s estimated neutral rate and inflation pressures remain elevated.

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(Repeats article first published on Sept 30)

Reserve Bank of Australia Governor Philip Lowe has telegraphed the Board will consider both a 25bps and 50bps hike at its Oct 4 meeting, with the larger hike more likely given policy sits below the Bank’s estimated neutral rate and inflation pressures remain elevated.

Keep reading...Show less