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VIEW: Westpac Sticking With Pause In April Call

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Westpac note that they have “been forecasting a pause at the RBA’s April meeting – the strong emphasis on uncertainty in the March Minutes; the unusual commitment to consider a pause in April; and developments in market pricing and global financial markets all support that view.”

  • “But the Minutes continue to make a strong case for the need to reign in the “too high” inflation. This challenge is likely to be just as apparent at the May meeting, when much more information will be available on the inflation challenge, requiring a “final” 25 basis point tightening.”
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Westpac note that they have “been forecasting a pause at the RBA’s April meeting – the strong emphasis on uncertainty in the March Minutes; the unusual commitment to consider a pause in April; and developments in market pricing and global financial markets all support that view.”

  • “But the Minutes continue to make a strong case for the need to reign in the “too high” inflation. This challenge is likely to be just as apparent at the May meeting, when much more information will be available on the inflation challenge, requiring a “final” 25 basis point tightening.”