Free Trial

VIEW: CBA Reaffirm View After Correctly Picking A 25bp Hike

RBA

CBA (who correctly forecast a 25bp hike at today’s meeting) note that “the RBA retains a hiking bias. We expect a further 25bp rate rise at the November Board meeting. From that point our central scenario has the RBA on hold as they the give themselves time to assess the lagged impact of rate rises on the Australian economy (the risk to our call sits with a further 25bp rate rise at the December Board meeting which would take the cash rate to 3.10%).”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.