Free Trial

MNI Survey of RBA Cash Rate Forecasts: 4/21 See Hike in May

     SYDNEY (MNI) - Below is a table of forecasts for the next Reserve Bank of
Australia cash rate decision on Tuesday and the outlook for the cash rate. The
cash rate is currently at 1.5%.
                    February 6                                        Outlook
-----------------------------------------------------------------------------
NAB                       Hold                    25bps hike in Aug, Nov 2018
ANZ                       Hold                     25bps hike in May, 2H 2018
Westpac                   Hold                                Hold 2018, 2019
CBA                       Hold                         25bps hike in Nov 2018
Goldman Sachs             Hold                         25bps hike in May 2018
Citigroup                 Hold                                Hike in Q4 2018
JPMorgan                  Hold                    Hold for foreseeable future
HSBC                      Hold                 25bps hike in Q3 2018, Q1 2019
TD Securities             Hold                    25bps hike in May, Nov 2018
UBS                       Hold                          25bps hike in H1 2019
Deutsche Bank             Hold                              Hold through 2018
AMP Capital               Hold                                 Hike late 2018
Moody's                   Hold                              Hold through 2018
St. George                Hold                          25bps hike in Q1 2019
Macquarie                 Hold  25bps hike Aug and Nov 2018, Feb and May 2019
Nomura                    Hold                          25bps hike in Q1 2019
RBC Capital               Hold                              Hold through 2018
BankAm-ML                 Hold                      25bp hike in May, Q4 2018
Morgan Stanley            Hold                              Hold through 2018
Standard Chartered        Hold                             Hold until Q4 2018
Wells Fargo               Hold                            Hold well into 2018
--MNI Sydney Bureau; tel: +61 2-9716-5467; email: sophia.rodrigues@marketnews.com
[TOPICS: MTABLE,MMLRB$,M$A$$$,M$L$$$,MT$$$$]

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.