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VIEW: Westpac: 50bp Hike Confirmed For Aug With No Scope For Sep Pause

RBA

Westpac's Bill Evans notes that “We have reconfigured our RBA cash rate profile following the July employment report and some revisions to our inflation forecasts. However, we have not lifted the forecast terminal rate of 2.6% by the February 2023 Board meeting. We continue to expect a 50bp increase in the cash rate at the August 2 Board meeting. But a pause in the cycle in September now seems unlikely. We expect a 25bp increase in the cash rate at the September 6 Board meeting.”

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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