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Search resuls for: "Benjamin Picton"


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Two respondents in the Aug 30-Sept 1 poll expected a 25 basis point (bps) hike. Among major local banks, ANZ, CBA, and Westpac expected rates to remain unchanged until at least end-2023, while NAB predicted one more rate hike to 4.35% in November. Three economists expected two more 25 bps hikes in the fourth quarter. While BlackRock and Deutsche Bank expected hikes in November and December, Citi expected moves in October and November. "We think they'll maintain the tightening bias and there may be further risk of a rate hike later in the year," said Benjamin Picton, senior strategist at Rabobank.
Persons: Daniel Munoz, Taylor Nugent, Michele Bullock's, Benjamin Picton, Devayani Sathyan, Susobhan Sarkar, Anant Chandak, Ross Finley, Kim Coghill Organizations: Reserve Bank of Australia, REUTERS, Rights, NAB, ANZ, CBA, Westpac, BlackRock, Deutsche Bank, Citi, Rabobank, Thomson Locations: Sydney, Australia
Turkish lira hits new record low after Erdogan election victory
  + stars: | 2023-05-29 | by ( ) edition.cnn.com   time to read: +2 min
Turkey’s lira hit fresh record lows against the US dollar on Monday after President Recep Tayyip Erdogan secured victory in Sunday’s presidential election, extending his increasingly authoritarian rule into a third decade. The lira weakened to 20.065 to the dollar in early European trade, breaking through the previous record low touched on Friday. “Erdogan’s victory has seen further pressure on the Turkish lira,” said Benjamin Picton, senior macro strategist at Rabobank. Meanwhile, Turkish stocks enjoyed gains with the benchmark BIST-100 index up 3.5% and banking index rising more than 1%. The share of foreign asset managers holding Turkish stocks has dwindled in recent years and the market is chiefly driven by local investors.
BENGALURU, March 31 (Reuters) - Australia's central bank is expected to go for a final 25 basis point interest rate hike to 3.85% on Tuesday, although forecasts from economists polled by Reuters suggest the decision on whether to hike or hold rates is on a knife edge. However, eight of the 13 economists expecting a pause pencilled in a rate hike sometime in the second quarter. Although CBA and Westpac forecast a pause in April, they expect one more rate hike in the second quarter. Minutes from the March meeting showed RBA board members reconsidered the case for a pause at the following meeting, noting monetary policy was already in restrictive territory and the economic outlook was uncertain. Although the median forecast showed the cash rate would remain at 3.85% until the end of 2023, five economists predicted it to peak at 4.10%.
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