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Top related persons:
Adam Boyton - 1 Boyton - 1 Chris Read - 1 Morgan Stanley - 1 Devayani Sathyan - 1 Susobhan Sarkar - 1 Hari Kishan - 1 Ross Finley - 1
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BENGALURU Australia
Top related orgs:
Reserve Bank of Australia - 1 ANZ - 1 CBA - 1 NAB - 1 Westpac - 1 Thomson - 1

Search resuls for: "Chris Read"


2 mentions found


☆ RBA to raise cash rate to 4.35% in August, economists split on peak: Reuters poll
  + stars: | 2023-07-06 | by ( Devayani Sathyan | ) www.reuters.com   time to read: +2 min
The RBA began tightening policy in May 2022 and had raised rates at every meeting since, other than a pause in April. Along with a still-strong job market and a rebound in house prices, expectations have strengthened for a rate increase at the August meeting. More than 90% of respondents, 23 of 25, in a July 4-5 poll expected the RBA to increase its official cash rate (AUCBIR=ECI) by 25 basis points to 4.35% at the Aug. 1 meeting. "We suspect that the coming forecast update from the RBA staff will likely tip the balance in favour of an August rate hike. Boyton said he expected a peak cash rate of 4.60% but the outlook was uncertain following the central bank's recent pause.
Persons: Adam Boyton, Boyton, Chris Read, Morgan Stanley, Devayani Sathyan, Susobhan Sarkar, Hari Kishan, Ross Finley Organizations: Reserve Bank of Australia, ANZ, CBA, NAB, Westpac, Thomson Locations: BENGALURU, Australia
☆ POLL RBA to hike rates further this year, say economists in snap poll
  + stars: | 2023-05-04 | by ( Devayani Sathyan | ) www.reuters.com   time to read: +3 min
On May 2, the RBA startled economists and financial markets with a hike. Our expectation is that the final rate hike occurs in August. Over 85% of respondents, 25 of 29, expected no hike from the central bank at its June 6 meeting, while four predicted a 25 basis point hike. Among major local banks, only ANZ forecast a 25 basis point hike in Q3 while Westpac and CBA predicted an extended pause. Median forecasts showed the cash rate remaining at 4.10% until year-end, 25 basis points higher than the peak expected in an April poll.
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