RBA Preview: Forecasts from nine major banks, another 25 bp rate hike, but risk is for a pause

RBA Preview: Forecasts from nine major banks, another 25 bp rate hike, but risk is for a pause RBA InterestRate AUDUSD Macroeconomics Banks

time, here are the forecasts by the economists and researchers of nine major banks regarding the upcoming central bank's decision.

, forward indicators and the still comparatively high level of inflation all point to the need for further tightening.”“While our central case is for a 25 bps hike in April, the probability of a pause is the highest it’s been in some time. The RBA may take this option to assess the impact of rate hikes so far, given the ‘long and variable’ lags in monetary policy, along with recent global developments. We still see the question as not one of ‘where’ the cash rate peaks at , but ‘when’.

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