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Reserve Bank of Australia Set to Extend Rate Pause But Retain Hawkish Hue

Por: MarketWatch Business September 29, 2023

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The RBA is expected to retain its tightening bias and be alert to the inflation and wages data over the final months of 2023, said Stephen Halmarick, chief economist at the Commonwealth Bank of Australia. But given the recent mixed data flow and our view that inflation will trend towards the 2%-3% target range in 2024, we hold to the view that the hurdle to another rate hike is high, he added. The policy meeting will be mostly about style,... + full article



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