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VIEW: HSBC Sees 25bp Hike In December But Still Expect February Pause

RBA

HSBC has noted that today’s strong labour market data together with the slightly higher-than-expected Q3 wages data should “convince” the RBA to hike a further 25bp. Continued strength in the labour market could also prolong rate rises into 2023 but they still believe that the Board will pause in February on the back of weaker global growth and inflation, and clear signs that tightening is impacting domestic prices and activity. (The Australian)

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