The RBA increased rates by 25 basis points as expected and has left the door open for more hikes which is understandable given the higher than expected December inflationary numbers. We think the chance of another 25 basis point hike next month is still 50/50, only weighed down by the chance that there is more confirmation of falling inflation.
Share this post
Quicknote: RBA raises as expected but…
Share this post
The RBA increased rates by 25 basis points as expected and has left the door open for more hikes which is understandable given the higher than expected December inflationary numbers. We think the chance of another 25 basis point hike next month is still 50/50, only weighed down by the chance that there is more confirmation of falling inflation.