LS Preview | RBA Set To Hike Again As Inflation Risks Build
With upside risks to inflation increasingly materialising, Australian central bankers are expected to step up the pace of tightening and raise rates again on Tuesday. In what would be the fourth increase this year, the Reserve Bank of Australia s Monetary Policy Board is widely expected to vote unanimously for a 25 basis point hike in the cash rate to 4.60%. The decision itself appears largely priced in, leaving the accompanying guidance and Governor Michele Bullock s press conference as the focus for investors. Recent comments from the RBA chief have already helped shape expectations for both this meeting and the policy outlook beyond September. Speaking at a fireside chat hosted by the Committee for Economic Development of Australia, Bullock said the economy was navigating a series of severe supply-side shocks, including geopolitical conflict, trade tariffs and climate change, making the task of controlling inflation more difficult than during a conventional demand-driven cycle. (Continue Reading)
With upside risks to inflation increasingly materialising, Australian central bankers are expected to step up the pace of tightening and raise rates again on Tuesday. 60%. The decision itself appears largely priced in, leaving the accompanying guidance and Governor Michele Bullock s press conference as the focus for investors. Recent comments from the RBA chief have already helped shape expectations for both this meeting and the policy outlook beyond September.
Speaking at a fireside chat hosted by the Committee for Economic Development of Australia, Bullock said the economy was navigating a series of severe supply-side shocks, including geopolitical conflict, trade tariffs and climate change, making the task of controlling inflation more difficult than during a conventional demand-driven cycle. (Continue Reading)