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VIEW: ANZ: Hawkish Statement

RBA

ANZ note that “the RBA delivered the expected 25bp rate increase today. This took the cash rate target to 3.35%, with the cumulative increase since May now at 325bp. Today’s RBA statement spells out that further rate hikes are coming. We continue to expect that the cash rate target will rise another 25bp in March and then to 3.85% by May 2023. We still see the risks to that peak as tilted to the high side given the momentum in inflationary pressure.”

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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