© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BIDEN SAYS PEOPLE'S SAVINGS ARE SECURE

MNI BRIEF: US Bank Deposits Fell USD98B Week Of SVB Collapse

MNI BRIEF: Data Not Justifying ECB Hike Beyond Expectations

EZ/UK Bond Supply Calendar: UK Long APF Sales on Monday

EZ/UK T-Bill Calendar: Germany & France to issue Monday

MNI DATA FORECASTS: EZ Inflation data in focus

MNI BRIEF: Yellen Says Americans' Deposits Are Safe

MNI BRIEF: Italy ESM Ratification Framed In EU’s Fiscal Debate

MNI: Freeland-Banks Well Capitalized, Budget To Focus Stimulus

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

VIEW: CBA Sees 25% Chance Of 40bp Hike Next Week

RBA
HomepageBulletMarketsFixed Income NewsForeign Exchange News

CBA economists expect the RBA to hike rates 25bp at its meeting next week but see a “non-trivial” 25% probability of a 40bp move bringing rates to an even 3.5%. This larger moved would then be accompanied by a statement showing an “intention to pause” if economic developments are in line with the RBA’s updated forecasts. CBA believes that the central bank is close to pausing. Chief Australian economist Baird said "if the RBA is willing to pause in their tightening cycle there is merit in restoring the cash rate to a conventional metric prior to doing so." (The Australian)

100 words

To read the full story

Why Subscribe to

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.

CBA economists expect the RBA to hike rates 25bp at its meeting next week but see a “non-trivial” 25% probability of a 40bp move bringing rates to an even 3.5%. This larger moved would then be accompanied by a statement showing an “intention to pause” if economic developments are in line with the RBA’s updated forecasts. CBA believes that the central bank is close to pausing. Chief Australian economist Baird said "if the RBA is willing to pause in their tightening cycle there is merit in restoring the cash rate to a conventional metric prior to doing so." (The Australian)